We’ve engaged with a bakery seller several times in the past, and the deals have not worked out for one reason or another. But the reason for the most recent failure was entirely on the buyer, who lacked self-awareness and accountability.
What happens when the IRS tries to get more money from a small business owner and loses in the lower courts? They appeal to the Supreme Court.
As we say early on in the transaction process: tell us everything, even if you don’t think it’s important. And the important stuff? Tell us that first.
Did you know that a selfish attitude can make sure a sale doesn’t even happen in the first place? We’re going to share a couple of examples.
Buyers and Sellers have deals on the line, and attorneys are meant to be advisors, not parties, to these deals.
In this cautionary tale, we share 3 different stories involving PPP loans and capital expenditures to be mindful of when preparing for a sale