Memorandum of Understanding: What Every Seller Needs to Know
At Elkridge Advisors, we know selling a business takes preparation.
One of the key tools in that process is a memorandum of understanding.
This document often comes before a formal agreement and sets the foundation for negotiations.
If you’re planning to sell, understanding its role can save you time and protect your interests.
What Is a Business Broker?
We often hear one big question: what is a business broker?
The answer is simple, but the impact is massive.
A business broker is the professional who guides you through the complex process of selling your business.
They act as the bridge between you, the seller, and the right buyer.
Selling a business isn’t like selling a house.
It’s more personal.
It’s also more complicated.
What Is an LOI? A Guide for Business Owners Preparing to Sell
Selling your business is one of the most important financial decisions you will ever make.
Before that sale can happen, though, you need to understand a critical step in the process: the LOI.
So, what is an LOI?
And why does it matter so much when preparing to sell your business?
Let’s break it down clearly and simply.
