For a company interested in an acquisition, their goals should be first to find a company that is financially stable. Businesses that are able to successfully close deals have strong cash positions and little to no debt.
The letter of intent (LOI) is a document where the buyer and seller agree to stop pursuing other potential business prospects and agree to wrap up the deal. The Letter of Intent creates provisions for both sides of the deal.
If you are looking for a business appraisal, thinking about selling your business or looking to buy a business, contact George and Company today for a no-obligation, confidential consultation.
