Why You Should Use A Letter of Intent When Buying a Business
Channel: Philadelphia Small Business Lawyer Sarah E. Holmes
Date: 2021-01-15

When considering a business purchase, it's easy to get wrapped up in negotiations and start batting around numbers and purchase terms.

When many people that don't have lawyer representation don't understand is how quickly things can become muddied.

When a seller finally sends over a purchase agreement, many buyers are shocked that initial terms verbally discussed are mysteriously left out of the agreement.

Using a letter of intent to kick off purchase negotiations can benefit a buyer and seller in many ways.

Watch this video to find out why you should use a letter of intent when buying a business.

Of course, if you'd like help with a letter of intent or business purchase, reach out to our office at:  215-482-0285.

For more information on a Letter of Intent, visit our blog:
https://www.phillysmallbusinesslawyer.com/business-success-tips/why-you-need-a-letter-of-intent-loi-for-your-business-purchase

Holmes Business Law PC
1515 Market Street, Suite 1200
Philadelphia, PA 19102 
and
40 E Montgomery Ave, 4th Flr
Ardmore, PA 19003
215-482-0285 

info@phillysmallbusinesslawyer.com
http://www.phillysmallbusinesslawyer.com
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