Key Elements for Every Partnership Agreement
Your partnership agreement is one of the most important business documents you will ever sign. Many people go into business with loved ones, relatives, or lifelong friends only to discover (once it’s too late) that they should have had...
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Ready to Take Control & Become a Business Owner? 3 Questions to Ask Yourself.
Many people know owning a business isn’t for them. But for others, the appeal and lure of owning their own business and gaining a greater measure of control over their future can be powerful. If you are uncertain as...
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4 Negotiation Tactics
When it comes to acquiring or selling a business, negotiation is vitally important. But it can also be complicated. Unfortunately, many prospective business buyers and sellers overlook the significance and complexity of negotiation. There are four basic ways to...
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Are You Sure Your Deal is Completed?
When it comes to your deal being completed, having a signed letter of intent is great. While everything may seem as though it is moving along fine, it is vital to remember that the deal isn’t done until many...
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What is a Term Sheet and Why is it Important?
Buyers, seller, advisors, and intermediaries often mention use of a “term sheet” prior to the creation of an actual purchase or sale agreement, but rarely will you hear the term explained. What is a term sheet and why is...
Read moreAre You Sure Your Deal is Complete?
When it comes to completing your deal, having a signed Letter of Intent is promising, but is not the end step in the process. Although everything may seem as though it is moving along well, it is vital to...
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5 Reasons Buying a Business is Preferable to Starting a New One
If you are considering running your own business, one of the first questions that might pop in your mind is: Should I start a new one or buy an established business? In this article, we’ll take a closer look...
Read moreTake a Look at Your Lease
If your business is not location-sensitive, that is, if your business location is immaterial to its success, then the following may not be important. However, lease information is usually helpful no matter what the situation. The business owner whose...
Read moreThe Confidentiality Agreement
When considering selling their companies, many owners become paranoid regarding the issue of confidentiality. They don’t want anyone to know the company is for sale, but at the same time, they want the highest price possible in the shortest...
Read moreThe Devil May Be in the Details
When the sale of a business falls apart, everyone involved in the transaction is disappointed – usually. Sometimes the reasons are insurmountable, and other times they are minuscule – even personal. Some intermediaries report a closure rate of 80 percent; others say it...
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