In this segment, we answer some of the most common questions we get from business owners as they prepare to buy or sell a business.  You will read answers from attorneys, business brokers, accountants, CPAs, business owners, venture capitalists, business appraisers, and many more. If you are thinking about buying or selling a business, take a moment to read through these frequently asked questions. Why spend hours searching the internet, only to find inconsistent information on unknown websites. Here at Morgan & Westfield, we provide insight into the business world and provide you with reliable information to help you better prepare to buy or sell a business.


 When should I send my financials to a buyer?

 Should I consider an earnout?

 I have an offer, should I take my business off the market?

 How long will it take to sell my business?

 What is the difference between repeat and recurring customers?

 Do I need to hire an attorney when selling my business?

 How important is research and due diligence when buying or selling a business?

 What is an Amortization Period?

 Who should write the offer – buyer or seller?

 What is the difference between an LOI and a Purchase Agreement?

 What is a term sheet?

 What is the difference between an Offer to Purchase and a Purchase Agreement?

 Our business was declined for an SBA loan by one bank. Should we seek alternatives?

 What is the next step if someone wants to make an offer on my business?

 What is a phased screening process?

 Should I switch accounting systems?

 Should I sell my business using an auction?- Coming Soon!


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