In the context of a business acquisition, a letter of intent (LOI) is a document that defines the preliminary terms of the transaction and formalizes the intention of two parties to engage in it. Typically, the letter is created by the purchasing party, who proposes a price and outlines the structure of the negotiation. Although …
Congratulations, you signed a letter of intent (LOI) to buy a business, but now you don’t know what to do next. Or maybe you’re about to sign an LOI, but want to go with eyes wide open and know the next steps. So what are the steps of the M&A process? The process of buying …
What is Due Diligence? Due diligence is the process of examining the business details and data when buying a business. It’s similar to inspecting a home before closing on the house. A buyer will want to check, to name a few things, the financial health of the company, the quality of the standard operating procedures, …
Why is Due Diligence Important When Buying a Business? Read More »
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