Business SalesCan I sell my business by myself? Can a surgeon operate on himself? Can a homeowner sell his own home? Can an attorney defend himself in court? These questions could all be answered in the same way. It can be done, but that does not mean that it should be done. We hire professionals for very good [...]
Archive for the ‘Escrow’ Category
Business Sale Agreements
Sale Begins with an Offer Most business sales begin with an offer from a Buyer to the Seller. In all but the largest and most complex deals, it is best to avoid a “Non-Binding Letter of Intent,” and go straight to a Purchase Offer, accompanied by a Deposit Check. This saves time and demonstrates that [...]
Business Sale Process
For many business owners, the thought of selling their business can seem quite daunting. But it need not be — not if you have an experienced business broker to guide you through the process. To give you an idea of what to expect when you are ready to sell, here is a step-by-step summary of [...]
Business Due Diligence and Escrow
Sale Contingencies The Business Sale begins with the Seller’s acceptance of the Buyer’s offer. The resulting Asset Purchase Agreement is subject to certain “Conditions,” also known as “Contingencies.” These almost always include “Due Diligence,” often include “Leasing” and/or “Financing,” and sometimes include “Franchising,” “Liquor Licensing,” or other conditions. Escrow helps protects everyone, by ensuring that [...]