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Do I need a lawyer or a broker once I have a serious buyer from my ad?

I posted my add and have sent off 4 non disclosure agreements to the prospective buyers. Once I start getting a serious offer, do I need a broker or a lawyer for the business transaction?

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Answers (3)
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Freedom Business Brokers
Orange County, CA

Dear anonymous
if you are getting serious offer/s on your business write down a purchase contract and get it signed
right away. Otherwise all these serious buyers will disappear in thin air. There is no short cut to experience. You need a broker but if you are smart you can do without. The toughest part is to find a buyer and pass due diligence in a busness selling rest is easy. If you think you can go thru that you don't need anybody to help you.

Jan 11, 2011
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No offense to any broker out there but why would you need a broker if you found a buyer without them? Yeah, a lawyer and an accountant but leave the broker out IF you actually got a buyer on your own.
Now one of the reasons to get a broker is so they can weed out all the wannabe dreamers that you are going to deal with. If all these people are stroking you then get a broker and let them handle the process from the start. As of now you don't need a broker (maybe if this fails.)

Jan 8, 2011
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Yes you do. I have seen clients go it alone, and they suffer the consequences. Good professional advice from a reputable business broker and competent business attorney (not a deal killer) is highly recommended. Good luck in your transaction and sale!

Manny Manuelidis

Jan 8, 2011

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