Cleveland Mergers and Acquisitions partner, Mark F. Fazio, shares his insights in helping business owners prepare for selling their business in the February ExitPromise blog, “How to Prepare for Due Diligence When Selling a Business.”
Among Fazio’s quotes is “Business owners are faced with request after request, and question after question. Contracts, claims, or practices that were seemingly never an issue before (and probably never will be) are examined and questioned by a potential buyer, and business owners often start wondering whether the buyer is stalling or playing games. But a prudent buyer will not want to leave any stone unturned – just because something has not affected the business to date does not mean that it won’t result in liability down the road!”
Fazio is an accomplished business lawyer with significant experience representing public and private company clients on a wide array of matters, including mergers, acquisitions and divestitures, business formation and growth strategies, and private debt and equity financings. He earned his J.D. from Duke University School of Law in 2003.
ExitPromise, founded by Holly Magister, CPA, CFP, was named the #6 Top Small Business Blog by BizHumm in 2017. It helps entrepreneurs assess, re-align and accelerate their business with the intent of ultimately executing a top-dollar sale.