Teaser: M & A Unplugged Podcast Interview
Last week, Domenic Rinaldi interviewed me about my book, Here's the Deal: Everything You Wish a Lawyer Would Tell You About Buying a Small Business (link: https://tinyurl.com/stqsvtj) for his M & A Unplugged Podcast (link: https://www.maunplugged.com/).
I recommend you listen and subscribe to M & A Unplugged if you want to learn more about the large variety of issues encountered in mergers and acquisitions.
Domenic asked why I wrote my book. My primary purposes are (1) to help buyers and sellers understand that an acquisition or sale is a process, not an event, and (2) to teach them about that process.
We discussed the following 4 surprises buyers typically encounter when buying a business:
You will pay more than the purchase price;
Obtaining financing will take longer than you expect;
You will need more legal documents than just the purchase agreement; and
Negotiating and closing the deal will take longer than you expect.
These thoughts triggered a great discussion about the practical aspects of the acquisition process.
Stay tuned for more information about when the episode will be released.