a deal structure where the buyer only purchases the assets of the target business and not the business entity itself
a transfer of rights from the target business or seller to the buyer
a transfer of liabilities from the target business or seller to the buyer
a document that evidences the transfer of physical assets to the buyer
the event where the transaction is officially completed
the process of the buyer investigating the target business prior to the closing of the transaction; due diligence often includes looking at the target business’s financial records, assets, and internal operations
the amount of the purchase price above and beyond the value of its assets; goodwill typically includes things such as name recognition and the good feelings customers have about the business
a written purchase offer from a prospective buyer to the seller
the area of law dealing with the purchase and sale of businesses
the definitive contract for the purchase of the target business
a deal financing method where a buyer uses their retirement funds to pay for business start-up and acquisition costs
(typically refers to the SBA 7(a) program) a loan for the purchase of a business that is backed by the U.S. Small Business Administration, thereby making it less risky for a lender to approve; SBA loans typically have lower underwriting requirements than conventional loans so are easier for a buyer to obtain, however, in exchange they contain more requirements for the buyer to meet to obtain the loan
an agreement with the seller where the buyer will pay for some or all of the purchase price after the closing; seller financing can be used to pay for the entire purchase price or in combination with other financing methods such as an SBA loan
a deal structure where the buyer purchases all the ownership interest in the target business
the business that is the subject of the transaction
Looking to buy or sell a business?
We handle deals of various sizes and across all industries, throughout the state of Ohio.