An M&A lawyer is in charge of setting all the pieces of the merger or acquisition together. She in the middle of the conversation between both parties and their respective advisors. The M&A attorney is the one leading the transaction, as she is the point of contact that reunites the rest of the deal team and directs the purchase from beginning to an end.
Do You Need an M&A Lawyer to Buy a Business?
No, you don't “need” a lawyer to buy a business—as in, there is no legal requirement to hire a lawyer to buy a business. You also don't "need" a contractor to build a house. You don't "need" a roofing company to change your roof. You don't "need" an accountant to do your taxes. But we hire people because of their expertise. And quite frankly, DIY legal services are not the highest and best use of your time as a business owner. (The highest and best use is bringing in business and making sales).
How Does an M&A Attorney Help in the Business Purchase?
The attorney has two goals when helping a buyer buy a business
In order to help you make an informed decision, the lawyer:
- The lawyer helps you make an informed decision when buying your business
- Puts safeguards in place if things were to go wrong in the future.
- Works with other business experts to determine the value and liabilities of the target business
- Ensures the target