The importance of an intermediary when buying or selling a business

You don’t have to search too long before finding material alleging that M&A destroy value. NYU Professor Aswath Damodaran goes as far as to say that asking an investment bank to fairly value an acquisition target is like ‘asking a plastic surgeon to tell you your face is...Read more

What Happens to Debt When selling a Business

When it comes time to sell a business, many business owners incorrectly assume the debt that the business has will disappear when the business is sold. This comes from the belief that a new buyer will simply take over the debt. In some cases, the debt is absorbed in the...Read more

Find A New Focus For Your Energy: What Happens After You Sell Your Business?

After being a business owner for many years, most of our clients are initially relieved to retire. Time and time again, our clients who are near retirement share dreams of traveling, spending time with grandchildren and great grandchildren, fishing, reading, learning a new...Read more

Buying a Business: Top 10 SBA Loan Myths

Buying a business requires more than the willingness to operate a business and a good business plan; it requires financing! Many buyers attempt to secure financing on their own and the reality is that 84% of those loans are denied. One option is obtaining a loan through the...Read more

50 Factors That Can Improve the Value of Your Business

What increases the value of a business? It is obvious that the more profitable your business is, the more value it has. However, there are many other factors that are taken into consideration when determining the value of your business. We have compiled fifty factors that can...Read more

Hire an Attorney to Increase the Bottom Line When Selling your Business

This is a blog based on a telephone interview with Hanwei Cheng , senior Counsel of Ed Lee Law Group PC in Los Angeles, California. Click here to listen to the full telephone interview. In this blog, we get the answer to the most common question: why do I need to hire an...Read more

Important Questions to Ask Yourself When Valuing Your Business

As it usually happens, some event will likely occur during the time you own your business that will trigger the need for a valuation. A valuation is a process that, based on several factors, will generate the economic value of your interest in the business you own. Once you...Read more

What are the Benefits of Using Retirement Funds to Buy a Business?

Benefits of Using Retirement Funds

Why would a buyer consider using retirement funds to buy a business? And why would a seller prefer a buyer to use retirement funds to buy a business as opposed to other forms of financing?

Retirement funds are easy to access – For the buyer, retirement...Read more

A Cautionary Tale for Would Be Business Buyers and Sellers

“Letter of Intent” – A Cautionary Tale For Would be Business Buyers and Sellers

I write this article today as a word of caution for readers, clients of Morgan & Westfield, and other professionals who may have read the popular article titled " What Is A...Read more

Types of Listing Agreements for Business Brokers

Selling your business is a big decision and the process can be overwhelming to those who are unfamiliar with the market. Your first step, after deciding to sell your business, is to hire a business broker to assist you throughout the selling process. Do a simple google search...Read more

What Is a Definitive Purchase Agreement?

A definitive purchase agreement is the final agreement that is signed during the process of buying or selling a business. It outlines the terms and conditions for buying or selling a company, such as the payment structure, the representations, the termination clause, and other...Read more

Do I need a business valuation?

As a business owner, one of the most important questions you need to answer is: What is my business worth? However, that question is not necessarily one you can answer by yourself. Therefore, when contemplating your exit options, you should consider receiving the advice of a...Read more