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

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