Preparing to Buy? Topics and Tips for Buying a Business
This webinar entitled “Preparing to Buy? Topics and Tips for Buying a Business” took place on Thursday, March 8, 2018.
The webinar was hosted by McKonly & Asbury Managing Partner, Kurt Trimarchi, and Partner, David Blain, and focused on the ins and outs of purchasing a business. The objectives of this webinar were to provide the attendee with tips and tools to use as a buy side party in a transaction. More specifically, the participant came away with a basic knowledge of how to approach and communicate with targets, how to analyze a target, the due diligence process, and what to expect at close and post-closing of a transaction.
We discussed the process from start to finish with a focus on the following areas:
- What do you want to be and where do you want to go? – First step is to identify the type of business that best fits your overall business plan and strategy (culture, size, business lines, etc.).
- Preliminary process – How to identify targets, use of professionals, development of a professional, and internal advisory team.
- Transaction process – Initial discussions, development of an LOI, transaction type, and due diligence.
- Closing process – Purchase document, delivery of assets or working capital, and final adjustments.
- Post-closing – Now What?
This free, one hour-long webinar took place on Thursday, March 8th at 2:00 p.m. EST. One “Other” CPE credit was available for this one hour-long webinar. The level for this CPE was basic to intermediate and there was no prerequisite for this CPE. This program was a live webinar which offered attendees the opportunity to ask questions and interact with the presenters.