Purpose of Business Valuation Valuing a business is a crucial step for business owners, investors, and shareholders interested in buying or selling a company, or simply assessing the worth of a company for growth, future plans and goals, or tax purposes. There are various methods for doing so, and the valuation will depend on a…
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By Craig Watrous A well-crafted LLC operating agreement is critical for the business and its owners. Ultimately, the operating agreement is the blueprint for how the company will be managed and addresses how payments will be made to the members, how transfers of ownership will be handled, what happens if a member dies or becomes…
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By Craig T. Watrous What is a Letter of Intent or an LOI? If you’re considering selling or purchasing a business, you’ve likely heard of a letter of intent, sometimes called an LOI or intent letter. So what is it, and why do you need one? A letter of intent is a non-binding (usually) offer…
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