When it comes to acquiring a small business, understanding the process is key. One important step in the process is the letter of intent (LOI). In this article, we'll discuss what a letter of intent is, why it's important, and how to use it in the...
When it comes to buying and selling small businesses, asset purchase agreements are the most common type of agreement used. However, there are reasons why a seller might want a stock purchase agreement instead. In this article, we'll discuss the differences between the two and provide an overview...
Offering Memorandums, also known as Confidential Information Memorandums, are documents that provide potential buyers with information about a business that is for sale. They are used to help buyers decide if they want to take the next step and start to really dig into a business. This article will provide...
Due diligence is an important part of any business acquisition. It is the process of gathering information and verifying facts to ensure that the business is a good investment. In this article, we will discuss the importance of due diligence and provide a checklist to help you go through the...
Understanding your financial statements is essential for any successful business. Without being able to read and interpret the numbers, it is difficult to know how well your business is doing and where you need to make changes. In this article, we will discuss the Profit and Loss (P&L)...
Understanding the balance sheet can be a daunting task, but with the help of the classic game of Monopoly, it can be broken down into bite-sized chunks. In this article and corresponding video, we'll explore the basics of the balance sheet and how it relates to the game...
