How Do You Prepare Yourself for the Business Between LOI and Close?
I'm currently under LOI for a service-based business and while diligence is kicking off I'm also thinking ahead.
This period can feel like a bit of limbo depending on how quickly the bank, seller, and legal teams move, but I want to be as proactive as possible to set myself up for success post-close.
I'd love to hear from others who have gone through this:
What did you do between LOI and closing to prepare to take over the business? Any decisions you’re glad you made (or wish you had made) during that time?
Appreciate any insights or lessons learned.