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The How of Business - How to start, run, grow and exit a small business.

507 – Legal Considerations of Buying a Business

The How of Business - How to start, run, grow and exit a small business.

Henry Lopez, Levante Business Group

Entrepreneurship, Business

4.7522 Ratings

🗓️ 29 January 2024

⏱️ 47 minutes

🧾️ Download transcript

Summary

Legal considerations of buying and selling a small business with Danya Shakfeh, a mergers and acquisitions attorney.

Show Notes page: https://www.thehowofbusiness.com/507-danya-shakfeh-legal-considerations-buying-small-business/

Attorney Danya Shakfeh shares insights and general guidelines, from a legal perspective, about buying or selling a small business.

We discuss some of the legal considerations that apply when we are buying or selling a small business, and how to hopefully avoid some common mistakes.

From a Letter of Intent (LOI) through the small business Purchase Contract, and all the due diligence steps in between, we discuss most of the important legal steps and considerations related to buying or selling a small business.

Henry Lopez is the host of The How of Business podcast – helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business and entrepreneurs. Find the best podcast, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com  

Transcript

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0:00.0

Welcome to the How of Business with your host, Henry Lopez, the podcast that helps you start, run and grow your small business.

0:13.1

And now, here is your host.

0:16.8

Welcome to this episode of the How We Business.

0:18.5

This is Henry Lopez.

0:20.0

And my guest today is

0:21.1

Danya Shakfe. Donya, welcome to the show. Thank you for having me.

0:27.0

Donya's an attorney. And so she's with me today to share some insights in particular.

0:32.9

She's an attorney, but she specializes in particular in mergers and acquisitions. So she's going to

0:37.7

share some general guidelines, legal perspectives, kind of insights, experiences from a legal

0:44.6

perspective as it relates to buying or selling a business. We'll probably focus on it a little bit

0:50.3

more from the buying side, but we'll kind of try to go back and forth from both

0:55.8

perspectives, both perspectives, rather. But we're going to discuss what are those legal

1:01.2

considerations that apply when we're buying and selling a business. We've talked a lot about on

1:06.4

this show, and I've had lots of guests talking about the business side of that, the transactional side

1:12.2

of that, the due diligence side of that, but from a legal perspective, what are those things

1:17.1

that we should look for and hopefully avoid some of the common mistakes that a lot of people

1:22.5

make to get more information about the Hawa Business, including the Show Notes page for this

1:26.7

episode,

1:33.2

and to learn more about my one-on-one coaching and group coaching programs, please visit the Howab Business.com.

1:35.3

I also encourage you to please subscribe wherever you might be listening to this show so that you

1:39.5

don't miss any future episodes.

1:41.4

So let me tell you a little bit more about Donya.

...

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