After completing the due diligence process, a buyer will have enough information to make a final decision upon closing the transaction. The Letter of Intent will have laid out the basic process for closing the purchase or sale of the business, but what exactly is involved in closing the transaction? As lawyer’s often state, it… Continue Reading
Tag Archives: letter of intent
Buying a Business in Texas Step #2: Due Diligence
For anyone making a significant investment in a business, the due diligence process is key. This allows the buyer to thoroughly evaluate the company and make sure that he or she has a clear picture of the business. The goal is to make sure that after the buyer takes ownership he or she is not… Continue Reading
Filed Under: Buying/Selling a Business
Buying a Business in Texas Step #1: The Letter of Intent
Before you can begin the process of purchasing a business one side of the transaction or another will likely seek to have the purchaser issue a Letter of Intent(LOI). A Letter of Intent is typically not a binding contract to purchase the business but it contains several binding terms that provide protection to both the… Continue Reading
Filed Under: Buying/Selling a Business
Buying a Business in Texas
I’ve recently been contacted by a series of clients that are buying into existing businesses rather than starting a business from scratch. They all have various backgrounds, but usually they are involved in some way with the business or industry as a key employee and decide that they want to move into an ownership role. … Continue Reading
Filed Under: Buying/Selling a Business