Congratulations! Someone has expressed interest in purchasing your business. If you’ve been through this process before, you’re well aware of what’s in store over the coming months. If this is your first time going through a sales process, this is no time to cut corners.
Engage Expert Advisors
First and foremost, surround yourself with professionals who are well-experienced in this arena. You may have trusted legal and accounting firms that may have been serving you well for general corporate matters for many years. If, however, those firms are not well-versed in M&A, we recommend that you engage firms with the requisite experience to evaluate legal, accounting and tax ramifications. These firms will not be inexpensive, but neither is a failed deal due to an overlooked issue by an attorney or accountant