Five items for the second meeting.
By Marc Rosenberg and Peter Fontaine
CPA Firm Mergers: Your Complete Guide
For now, let’s define the letter of intent as a written offer made by the buyer to merge in or acquire the seller. (A thorough definition is given later in this post.) It is a relatively short, simple, non-binding offer, subject to
- further negotiations,
- performance of due diligence and
- a formal vote by the buyer’s partners.
MORE by Marc Rosenberg
Exclusively for PRO Members. Log in here or upgrade to PRO today.
Before the LOI Is Prepared
The first meeting was the “get-to-know-you” meeting. The purpose of this meeting was simply to introduce each firm to the other, give each a chance to “kick the tires,” get a feel for the personality and style of the other and to share some very basic information, all of which is designed to help each firm decide if they wish to go to the next stage.
TO READ THE FULL ARTICLE
