Hand off
Hand off: buying or selling a business
Selling the shop, buying a competitor, or passing the company to a partner or a child. A flat fee for the deal, quoted in writing after the first call.
A small-business sale runs on a few documents: the letter of intent, the due diligence list, the purchase agreement and the closing papers. We draft or mark up each one, keep the timeline, and sit at the closing table with you. Your accountant handles the valuation and the taxes; we work with them from the first week.
What the package covers
Letter of intent and deal terms
Due diligence list and review
Purchase agreement
Closing documents and the closing
The fee
How the Hand off fee works
What sets the fee
The size of the deal and the documents it needs. We quote it in writing after the first call, and the quote doesn’t move unless the deal does.
How you pay
In two halves: one at signing, one at the closing.
Not in the fee: valuation, accounting and tax returns, or real estate title work if property changes hands.
Questions
Before the sale starts
Why is every sale quoted on its own?
Because deals differ. We quote yours in writing after the first call, and the quote doesn’t move unless the deal does.
Do you value the business?
No. A valuation comes from an accountant or a business appraiser. We can introduce you to several.
Can you represent both buyer and seller?
No. We represent one side, and recommend the other side has its own lawyer.
Not sure this is the right stage?
Tell us what the company is doing. We’ll name the package, or quote the work in writing.