Be Smarter Than Your SMB M&A Lawyer: A Roadmap

Many first-time searchers have never been involved in the purchase of a business. There is new terminology to learn, decisions to be made, and a never ending parade of advisors offering (sometimes conflicting) advice.

Like many new experiences, the best way to begin to understand the process of buying a business is to view it from the top down. How does a deal unfold, from Letter of Intent (LOI) to close? What steps do you need to take and in what order?

The good news is that although your exact roadmap will differ depending on the circumstances, the general process by which everyone acquires a business is the same.

The latest installment of Be Smarter Than Your SMB M&A Lawyer takes a high-level look from the perspective of a self-funded searcher who intends to fund her deal using a Small Business Administration (SBA) loan.

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