You’ve built a great business . . . .
You’re ready to take some chips off the table and enjoy the fruits of your labor.
You’re probably an expert in your field, but you’ve never sold a business before.
You may be confused about how the process works.
What is a letter of intent? Is it different from an Indication of Interest? What is a due diligence and how does it work? Will my employees find out what’s going on? What’s a Net Working Capital Adjustment? How long will the process take?
Those are just a handful of the questions that you may have at the beginning of the M&A process.
Your buyer may be sophisticated. They may be an industry consolidator who has completed many acquisitions.
Even if it’s a buyer whose never bought a business before, they probably have sophisticated counsel to represent their interests.
You need the same thing.
You need a small business M&A lawyer when you sell your small business.
A small business M&A lawyer will have the skill and experience to negotiate the various documents that are required for your transaction.
The right small business M&A lawyer will also take the time to explain each item to you so that you understand it to keep you from being overwhelmed by the process.
The right small business M&A lawyer will help you identify risks, develop creative solutions and keep the process on track to get you to a successful outcome.
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