Seller's Guide
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Lawyers<br />
Legal issues are always at the forefront of M&A deals. The lawyer is a<br />
very important advisor to both Seller or Buyer. The lawyer should be<br />
someone who is well versed in M&A; only use an attorney who has<br />
actually engaged in M&A transactions.<br />
Buying and selling a business is one of the most complex transactions<br />
that exist in the marketplace today. It’s a complicated process with<br />
multiple concurrent moving pieces in the transaction that effect:<br />
• Taxation matters relating to the CRA<br />
• Human Resources and Employment Contracts<br />
• Real Estate – Sale or Lease<br />
• Trusts<br />
• Deal / Transaction Structure: Share Sale or Asset Sale<br />
• Terms of Payment: Vendor Financing, Earn Outs and other<br />
conditions<br />
• Purchase / Sale Agreement<br />
“<br />
“<br />
“<br />
There is gold and abundance of costly<br />
stones, but the lips of knowledge<br />
are a precious jewel.<br />
- Proverbs 20:15<br />
Earnings can be pliable as putty when<br />
a charlatan heads the company<br />
reporting them.<br />
- Warren Buffet<br />
Rule No.1: Never lose money. Rule No.2:<br />
Never forget rule No.1<br />
- Warren Buffet<br />
“<br />
“<br />
“<br />
“Proficient is defined with one word: skilled. In order to become skilled you must<br />
have more than knowledge, you need to apply that information.”<br />
- Jac Fitz-Enz<br />
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