Category: Legal And Financial Issues

This quote is from Shakespeare's Henry VI. However, it's not what most people think. The idea was that by killing the lawyers, there wouldn't be anyone in place stop a contemplated revolution or to maintain and restore order. The same…

Buying a business will often include the assumption of a lease for the premises occupied by the business for sale. There can be a number of significant issues involved with the lease and I have seen several deals fall apart…

I want to continue discussing the role of advisors such as attorneys, accountants and business brokers in the business for sale process. The last post touched upon issues related to attorneys and, as expected, the feedback was not very positive…

Signing Non Disclosure (NDA) or Confidentiality Agreements is a very standard step when buying a business, yet I remain dumbfounded how frequently buyers air concerns about executing them. In the twenty plus years I have been involved in buying and…

Negotiating and drafting a purchase agreement of a business for sale is obviously a critical component to the business buying process. Buyers often ask me how much the attorney fees will be and unfortunately, that is a very open ended…

There are many moving parts to the business buying process. Along with the search, analysis, valuation and investigation, consideration has to be made to properly reviewing any contracts in place when buying a business. This can include agreements with suppliers,…

I received an excellent question recently regarding business leases. While this component to buying a business can entail a wide array of issues, I want to cover off the most common questions that come up.   Taking Over a Lease…

When the time comes to make an offer on a business, there are two choices for the type of agreement you can present. You can either submit a Letter of Intent (LOI) or Offer to Purchase Agreement (PA).There are substantial…

Attorneys have their role in the business-buying process and yes, there are plenty of them who are deal-breakers, but that generally happens when a buyer hires the wrong one.A good attorney will help make the deal happen, and you need…

Question: I think not enough information is talked about dealing with business leases. What are your thoughts on taking over a lease versus getting a new lease? What is a triple net lease? If your company goes under, how do…