Why Business Sales Fall Apart: 10 Common Deal Killers

Why Business Sales Fall Apart: 10 Common Deal Killers

Receiving an offer for your business is an important milestone, but it does not guarantee a successful sale. Even after a buyer and seller agree on preliminary terms, a transaction can unravel during due diligence, financing, legal negotiations, or the final stages...
What Is a Letter of Intent (LOI) in a Business Sale?

What Is a Letter of Intent (LOI) in a Business Sale?

For a business owner considering a sale, the Letter of Intent—or LOI—is a significant milestone in the transaction process. A Letter of Intent is a preliminary agreement that outlines the principal terms under which a buyer proposes to acquire a business. It...
What Happens During Due Diligence When Selling a Business?

What Happens During Due Diligence When Selling a Business?

Signing a Letter of Intent can feel like the major milestone in selling a business. In many transactions, however, it marks the beginning of one of the most detailed phases of the process: due diligence. Due diligence is the buyer’s process of investigating...