Top M&A Entrepreneurs
Welcome to Top M&A Entrepreneurs – your go-to resource for inspiration, insight, and actionable advice on business buying. Each episode features engaging conversations with business buyers who share their “why” and industry service providers who break down the “how.” Learn from the pros and take your next step toward a successful acquisition with confidence.
Top M&A Entrepreneurs
E:22 Top M&A Entrepreneurs - Joel Ankney Attorney to over SMB 100 Deals
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0:00 Intro to Joel Ankney, Attorney, Author of: "Here's the Deal Everything You Wish a Lawyer Would Tell You about Buying a Small Business"
01:12 How many acquisitions he has worked on - over 100
02:15 When, at what point in process, is it important to have Deal Team set up
06:03 Can you use a LOI as preemptive strike to lock seller up?
09:35 The buyer seller cultural fit - how personalities can blow a deal up
12:30 Buyer Seller, getting along, can a contract help relationships
15:45 What is his role in process?
21:00 Reps and Warranties, Escrow and buyer protections
25:02 Buying an online business and Real Estate - what do you do?
26:02 Asset or Stock sale and DoD contracts
28:59 Does seller/buyer have to notify Gov about sale - do they have veto power over sale?
31:10 Seller financing - attorney's perspective
33:50 Is there really a trillion dollar small businesses transfer of wealth?