Mergers & acquisitions explained
From the letter of intent onwards. Get a grasp on diligence, the purchase agreement, and more.

Understanding Boilerplate LOI Clauses in Small Business Acquisitions: Termination, Confidentiality, Expenses & More
Explore the other LOI clauses like termination, governing law, confidentiality, and no binding agreement. A must-read for self-funded searchers buying small businesses.

What to Know About Exclusivity Clauses in Letters of Intent
Understand how exclusivity clauses in Letters of Intent (LOIs) impact your business acquisition. Learn what to negotiate, how long exclusivity should last, and what buyers and sellers need to know.

What You Need to Know About the Latest Changes to SBA SOP 50 10
What You Need to Know About the Latest Changes to SBA SOP 50 10

Understanding Transition Services Agreements in SMB M&A
How Do Non-Compete Agreements Work in Small Business M&A?

How Do Non-Compete Agreements Work in Small Business M&A?
How Do Non-Compete Agreements Work in Small Business M&A?

Sign-and-Close vs. Sign-then-Close
Sign-and-Close vs. Sign-then-Close: Choosing the Right Structure in SMB Acquisitions

How to Use an F Reorganization When Buying a Business
How to Use an F Reorganization When Buying a Business

Tax Structuring (Part 2)
From a tax perspective, an asset deal is generally to the buyer’s advantage. An equity deal, on the other hand, deal robs the buyer of that advantage. What should you do if you have to structure your deal as an equity deal?

Tax Structuring (Part 1)
From a tax perspective, an asset deal is generally to the buyer’s advantage. An equity deal, on the other hand, deal robs the buyer of that advantage. What should you do if you have to structure your deal as an equity deal?

Rollover Equity
In a traditional rollover, the buyer forms a new company to purchase all or substantially all of the assets of a target company.

Purchase Price Adjustments (Part 2)
In most SMB deals, working capital is the primary adjustment. But there are also other common adjustments.

Purchase Price Adjustments (Part 1)
A buyer can propose several adjustments to the purchase price. Let’s start with working capital.

The Purchase Price (Part 2)
From the seller’s perspective, the purchase price is (somewhat obviously) key.

The Purchase Price (Part 1)
From the seller’s perspective, the purchase price is (somewhat obviously) key.

Stock vs Asset Purchase When Buying a Business
Stock vs Asset Purchase When Buying a Business

Forms and Deposits
Most small business sellers engage brokers to help them value and market their businesses. Yet beyond that role, some brokers also provide standardized legal documents, like form Letters of Intent (LOIs) and form purchase agreements.

The Letter of Intent for SMB M&A
Learn about Letters of Intent (LOIs) as they relate to SMB M&A. Understand LOI essentials, tips, and strategies for self-funded searchers.

M&A Roadmap: From LOI to Closing Explained
M&A roadmap for small business buyers. Discover the legal steps from LOI, due diligence, purchase agreement, financing, and closing—all in one guide.