What advisors do I need?
Larry Bird used a brilliant strategy to find the right agent to enter the NBA. He sent a letter to the top agents with a list of questions you’d expect. But the last question was critical. He asked, “If I don’t select you as my agent, who would you recommend I choose?”
Most recommended the same person and that’s who Larry selected.
You might do the same to choose an advisor. Ask attorneys and accountants who they would choose, other than themselves. At a minimum, here are the three advisors you should consider:
Most recommended the same person and that’s who Larry selected.
You might do the same to choose an advisor. Ask attorneys and accountants who they would choose, other than themselves. At a minimum, here are the three advisors you should consider:
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01 A Tax Accountant
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02 An Estate Planner
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Purpose: structure the transaction in a way to maximize after-tax proceeds. You don't want any surprises at the closing table!
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Purpose: structure the transaction to protect both pre-tax and after-tax proceeds.
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03 A Specialized M&A Attorney
Purpose: protect your interests in creating and negotiating legal agreements. A good M&A attorney will help you avoid unnecessary frustration (negotiating minute, insignificant details that make an already difficult process miserable.)