What is an M&A Letter of Intent?
By Joshua Logan, Esq. After the identification of a target business to purchase, or of an interested potential buyer, the Letter of Intent, or “LOI,” sets out the most broad, intended terms of the transaction. Usually these terms of the LOI are: Asset Sale vs. Interest Sale - Determine whether the sale and purchase will be of the assets and goodwill of the company, or for the interest in the company (i.e. shares, membership interest or partnership interest, including which c
How to Buy or Sell a Business, in 5 Phases
By Joshua Logan, Esq. As an attorney who has conducted several dozen business purchase and sale transactions, it has been my experience that the likelihood of a successful completion of the transaction increases considerably after the conclusion of each step of the transaction. Each of those phases of the transaction are described here so you can understand what to expect during the business acquisition or divestiture process, and understand the status of where your transact
How to Franchise My Business, in 10 Steps
By Joshua Logan, Esq. If you have good business processes you could have people pay you to teach them the processes. If you have a good product, you could set up a licensing and distribution system. If you have both, and the passion to grow the business quicker than you could on your own, then you might want to franchise the business. Here are 10 essential steps to help you build your dream franchise system: Establish & Register Your Trademarks. Recognizable trademarks hav