Do You Need an Attorney to Sell a Business in Indiana?
By Troy Frank, Owner — Indiana Equity Brokers Estimated read time: 7 min The short answer: Indiana does not legally require an attorney to sell a business, but every seller should have one — specifically a transaction attorney with M&A experience, not a general business lawyer. An attorney reviews and negotiates the purchase agreement, protects you on representations and warranties,...Read More
Why should I go to a business broker?
A professional business broker can be helpful in many ways. They can provide you with a selection of different and, in many cases, unique businesses, including many that you would not be able to find on your own. Approximately 90 percent of those who buy businesses end up with something completely different from the business that they first inquired about. Business brokers can offer you a...Read More
What happens when I find a business I want to buy?
When you find a business, the business broker will be able to answer many of your questions immediately or will research them for you. Once you get your preliminary questions answered, the typical next step is for the broker to prepare an offer based on the price and terms you feel are appropriate. This offer will generally be subject to your approval of the actual books and records supporting...Read More
What does it take to be successful?
Certainly, you need adequate capital to buy the business and to make the improvements you want, along with maintaining some reserves in case things start off slowly. You need to be willing to work hard and, in many cases, to put in long hours. Unfortunately, many of today’s buyers are not willing to do what it takes to be successful in owning a business. A business owner has to, as they...Read More
