Transaction Team

The successful sale or purchase of a privately held company or a family owned business generally involves a team effort by groups of professionals on both the buyer and seller sides of the transaction. Each team will typically have a CPA/accountant and an attorney. The accounting professional’s role will likely involve reviewing the tax implications of the purchase or sale, facilitation of due diligence on the company after tentative agreement has been reached, and setting up or closing the bookkeeping systems for the business. The attorney’s role will generally be to draft or review the legal documentation associated with the transaction.

If you are considering the purchase or sale of a business and have not put this team together, we would strongly recommend that you start interviewing individuals prior to or shortly after beginning the sale or purchase process with IBA, so that you will have your team in place when the appropriate services are needed. If you would like the names of some attorneys or accountants with business transactional experience please contact our office.