When should we involve our attorney in the sale of our business?
Lakes Business Group, Inc highly recommends that a Seller does not waste any money on attorneys and/or accountants until you have an agreement of price and terms with a buyer. We would like to be introduced to your attorney and accountant at the beginning of engaging your business, but we do not suggest that we include them in negotiations. We typically include a contingency for Attorney and Accountant review/approval within days of accepting price and terms. There is no need to get a bill from an attorney or accountant if you can not agree on a price of selling your business. Once we can get an agreed upon price established, we will want your attorney and accountant heavily involved working in your best interest.