Selling a Business - Get a Letter of Intent Prior to Due Diligence -

ID:	161
Author:	davekauppi
Title:	Selling a Business - Get a Letter of Intent Prior to Due Diligence
Article:	The purpose of a letter of intent is to define the economic terms and conditions that apply to the pending business sale if the due diligence results in no material differences in the condition of the seller's business. In simple terms, it means that if I go over your books and records in great detail and I verify that everything you had previously presented checks out, I am willing to pay you X dollars for your business under the set of Y terms. Below is a sample Letter of Intent. Mr. X. X. LastName Address 1 Address 2 City, ST Zip PERSONAL About the author of this article: dave kauppi is the editor of the exit strategist newsletter, a merger and acquisition advisor and president of midmarket capital , representing owners in the sale of privately held businesses. we provide wall street style investment banking services to lower mid market companies at a size appropriate fee structure.
Category:	Business: Entrepreneurship
Date:	September 09, 2008 10:52:43 AM

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