A single agent broker is a broker that represents only one party to the transaction. A single agent owes a fiduciary duty to his client, meaning that he has to act in that client’s best interest, he can advise the client on the terms of the transaction, and he must inform that client of any […]
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Most business purchases will have a seller financing component, and an all cash deal is quite rare. This means the total payment will be divided between the down payment and the amount financed. There are two options for financing the purchase of a business. One is a bank loan, the second is seller financing. The […]
How do I finance my business purchase? Read More »
A business should have Profit and Loss Statements (P&L), and it should also have balance sheets for the end of each of its fiscal years. Most buyers will focus on the P&L Statement as a reflection of the cash flow and benefits received by the owners of a business. However, you should also look at […]
I’m buying a business. Which financial statements should I look at? Read More »
Seller’s discretionary earnings (SDE) is a calculation of the net monetary benefits that come out of a business. It’s calculated by taking the net income of the business and adding back the owner’s salary as well as all of the benefits that go to the owner (e.g. travel expenses, health insurance, tax payments, interest, and […]
What is Seller’s Discretionary Earnings (SDE)? Read More »
A business buyer or seller can engage an attorney at many points in the transaction. An attorney could be brought on to negotiate and draft a letter of intent, help conduct due diligence, or draw up the final purchase agreement. In these instances, the attorney would more than likely be working on behalf of either […]
What services do attorneys provide business buyers or sellers? Read More »
It’s always best to bring on an attorney early in the buying process because some decisions that are made at the beginning stages may have legal implications that could impact the success of your purchase. Moreover, from a practical point of view, it’s difficult to go back to a seller to renegotiate something once you’ve […]
When should I hire an attorney for my business purchase? Read More »
Both a closing agent and your personal attorney are attorneys, which often leads to confusion over the difference between the two. A closing agent is merely a vendor, if you will, or consultant providing services, whereas an attorney is obligated to represent your best interests above all. An attorney represents the client as a fiduciary, […]
What’s the difference between a closing agent and my attorney? Read More »
You can schedule your Strategy Session right now by calling us at 407-649-7777, submitting a contact request, or by sending us a direct email! We look forward to hearing from you!
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In certain practice areas, we do have service packages with fixed-fees. For example, we offer Single- and Multi-Member Entity Formation Packages and a Partnership Design System, a four-step process, which addresses key partnership formation issues and creates a fully-customized partnership agreement for up to three partners. For any services that fall outside of these pre-defined […]
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For many reasons, one of which is simply that we can. Because we have so much experience in this field, we can accurately estimate the time we will need to complete certain services. This creates a better situation both for our clients and for us. We both know how long this matter will take and […]
Why offer fixed pricing when most lawyers exclusively bill by the hour? Read More »