The articles are provided for information purposes only, and are not intended as legal advice.


You would like to buy a business and need to conduct your due diligence – what do you need to look for?  Everyone looks at different items but here is a partial list of some of the many things that you should look at: (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


Most if not all investors who buy a business are given the opportunity to conduct due diligence when they buy a business but many do not fully understand what this opportunity provides, when they are entitled to see and how to use the information that they have now discovered. (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


Ever thought why waste your money on due diligence when you are in the process of buying a company and the old owner provided you what you thought was everything?  If you received a letter on closing stating that the old owner did not for example do something, is that good enough?  Can you rely on that?  If that statement was false, now what consequences will result and how much will your good faith cost you trying to fight something that you did not realize existed? (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


When you found a business for sale which you want to put in an offer, you generally prepare a letter of understanding outlining the price and the conditions of what you want to buy.  Typically, a letter of understanding is a non binding document however it does talk about a deposit which is paid and the treatment of the deposit if the deal were to fall apart.  After you agree to the letter of understanding, generally the investor is given a period of time to conduct due diligence. Due diligence is the ability to look at the books and records in order to determine if the information forwarded to you can be relied upon. (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


When you decide to buy a business you need to check to see if the information that was provided to you is accurate. The investigation of the sellers accounting and other records is (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


You are trying to buy a business and want to keep as much cash as possible for the business.  As a result, you want to avoid using professional advisers in order to save money.  You (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


If you think that you found the right business you still have to evaluate the business itself.  This article is the third in a series of articles of suggestions on how to analyze a company.  You need to look at (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


Yesterday I wrote about items to look at when you are in either due diligence or looking a little more closely at a business for sale and are deciding if you should continue to the next step.  Other items to look at in (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


Did you find the right business?

February 10th, 2009

When you buy an existing business you are buying the employees, the customer base, products and/or services.  If you find a business for sale, you need to consider the following: (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


You find a business that appeals to you and now you need to do some preliminary review of the financial statements to see if you want to continue to the next step.  The first thing that you should do is some high (more…)