Sep 4, 2023 | Cautionary Tales
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.
Aug 1, 2022 | Cautionary Tales
Buyers and Sellers have deals on the line, and attorneys are meant to be advisors, not parties, to these deals.
Jun 13, 2022 | Cautionary Tales
In this cautionary tale, we share 3 different stories involving PPP loans and capital expenditures to be mindful of when preparing for a sale
Oct 29, 2019 | Cautionary Tales
We all make mistakes in business. Sometimes it costs us money immediately, other times in the long term. In the worst cases, all the way through and including the sale of your business. Particularly when an owner is ready to sell and is in the mindset of “cashing...
Oct 8, 2019 | Cautionary Tales
Whenever we discuss commonalities in successful transactions, inevitably “clean books” will be one of the first three things mentioned. Numbers don’t just matter for your valuation, or for tax purposes, or just to track where the money has gone: without clean books, a...
Sep 10, 2019 | Cautionary Tales
One of the key pieces of advice we give to all our new owners is: “Don’t change too much too quickly.” In fact, you should guard against any kind of changes in those early days. You should be soaking up everything you can about the business, learning why it’s gotten...