LOI, IOI, CONTRACT Michael Shea PA Senior Broker & Partner at Transworld Business Advisors,Mergers & Acquisitions, Lic Real Estate Broker Associate. 20 years plus of brokerage experience in Central Florida. July 16, 2024 So before anyone gets their panties in a wad….each has its place. But let me lay out the landscape I am […]
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Business Glossary: A Guide to the Terms You Need to Know
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA): EBITDA is a measure of a business’s profitability that excludes non-cash expenses. This is a useful metric for comparing the profitability of different businesses, as it removes the impact of financing decisions and accounting choices.
What is a letter of intent and when is it appropriate?
LOI are the preferred tool for larger deals….why? Well the contracts are that are standardized are generally not going to work for the complexity involved. That being said in my opinion they afford the buyer the most protection as they are not binding. Smart sellers at the Main Street level will incur more legal fees