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What is the first step in buying or selling a business?

The first step in buying or selling a business is for the buyer and seller to agree upon the important business terms of the acquisition. This agreement is usually set forth in a letter of intent that is signed by both parties. Our firm can assist you in negotiating the letter of intent and drafting it so it is not binding. This is important because changes may be necessary based upon information learned during the course of investigating the business.