Joel Ankney3 minBuying or Selling a BusinessWill the Corporate Transparency Act Apply to My Small Business?All small businesses and their owners need to understand and comply with the Corporate Transparency Act (“CTA”) beginning in 2024. What...
Joel Ankney2 minBuying or Selling a BusinessHow Firm Are Closing Dates?When you buy or sell a small business, your letter of intent and purchase agreement will typically establish a closing date - a specific...
Joel Ankney1 minBuying or Selling a BusinessAre Letters of Intent Binding?Yes and no. Some provisions in a letter of intent should be binding, while others should not, and the letter of intent should clearly...
Joel Ankney3 minBuying or Selling a BusinessShould I Agree to Seller Financing?If you are selling a small business, the buyer might ask you to take a promissory note from it for part of the purchase price. This is...
Joel Ankney2 minBuying or Selling a Business3 Things I Learned When Leading My First M&A DealWhen I was a younger lawyer, the partner I worked for assigned me to be the lead lawyer on my first M&A deal. We were representing the...