How to Buy a Business

1. KNOW YOUR “WHY”

2. WHAT TO EXPECT FROM YOUR EXPERIENCED
M&A ADVISOR

3. STOCK SALE VS. ASSET SALE

4. BEFORE MAKING AN OFFER

5. HOW AN OFFER WORKS

6. DUE DILIGENCE

When buying a business, it is your responsibility to make sure the company’s affairs are in order before the purchase is finalized. Due diligence normally happens in the 30-to-90-day period prior to buying a business. You conduct due diligence once you and the seller have signed a purchase offer. Usually, the seller then agrees to give you access to all business data, but at Seiler Tucker, the buyer is already provided with the information at the beginning of the buying process.

This is the main reason for Michelle’s 98% closing rate. The company’s organizational documents should include articles of incorporation, bylaws, names of board members, board meeting minutes, names of shareholders, a list of all the states and countries where the company does business and an organization chart. Also included are mortgages, deeds, leases and other assets or liabilities that may affect your decision to buy a business.

7. ACCOUNT FOR ALL PHYSICAL ASSETS

8. EXAMINE ALL PERSONNEL, RECORDS, CONTRACTS, EMPLOYEES, & SUBCONTRACTORS

9. CLOSING, TRAINING & CONCLUDING THE DEAL