Why Seller Due Diligence is Vital to a Successful Sale

About the Episode

You’ve heard us talk about due diligence before, but the fact is, the better your accounting practices and bookkeeping are in the first place, the easier it will be in the long run when it’s time to begin the sales process. Buyers of small and mid-market businesses are more savvy these days, and they know the signs of a company that is in distress versus one that is succeeding, well-managed and built for the future. Business, corporate and real estate transactional attorney Michael Schachter is the co-founder and co-owner of the Pearson & Schachter Law Firm in Southern California. Listen as he talks about the importance of staying organized and having the right people in place to help in that process.

Meet Our Guest

Michael Schachter

Michael Schachter

Partner at LMA Law, LLP

Michael Schachter is a founder and an owner of Pearson & Schachter, where he is a business, corporate, and real estate transactional attorney. Michael has represented a broad range of companies, from early-stage to publicly traded companies.

Michael’s corporate practice includes the consummation of mergers, stock sales, asset acquisitions, and other reorganizations, and representing emerging growth companies in all aspects of business and corporate transactions, including entity formation, venture capital and angel financings, entity governance, securities, intellectual property, employment, shareholder and director matters, private placements, and general corporate counseling and business planning issues.

In addition, Michael’s real estate practice includes sophisticated commercial real estate transactions relating to the purchase, sale, development, and leasing (subleasing, consents, SNDA’s, Estoppels) of real property, title matters, construction agreements, loans, brokerage agreements, easements and licenses, indemnity agreements, and site access agreements and land-use issues.

Michael views his role as a value-add problem-solver, responding to his client’s needs in an extremely expeditious manner. He looks for creative and practical solutions that can save his clients cost and time.

Michael is licensed to practice law in the State of California and is a member of the Executive Committee-Business Section for the Alameda County Bar Association.

Before founding Pearson & Schachter, Michael was with the firms of Nixon Peabody LLP and Silicon Valley Law Group.

Michael has authored articles in corporate, business, and real estate law.

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