Business Acquisition Letter of Intent in Illinois (2026 Guide)
Home / Guides / Current article Business Acquisition Letter of Intent in Illinois: Full Template, State-Specific Clauses, and Negotiation Guide (2026) A business acquisition letter of intent in Illinois has to do more than fix price and exclusivity. It has to anticipate the Illinois Department of Revenue bulk sales notification process (Form REG-1 with a […]
S Corp Sale of Business 1031 Exchange: Real Estate Carve-Out (2026)
Home / Guides / Current article S Corp Sale of Business 1031 Exchange: How the Real Estate Carve-Out Actually Works An s corp sale of business 1031 exchange does not defer tax on the whole transaction; since the Tax Cuts and Jobs Act took effect on January 1, 2018, IRC Section 1031 applies ONLY to […]
Family Business Exit Strategies: 5 Paths (2026 Guide)
Home / Guides / Current article Family Business Exit Strategies: The 5 Paths Owners Choose in 2026 Family business exit strategies break down into five main paths, and only one of them keeps the company in the family. According to the PwC 2024 Family Business Survey, just 30 percent of family businesses successfully transition to […]
A Liquidity Event Accomplishes Which of the Following Purposes
Home / Guides / Current article A Liquidity Event Accomplishes Which of the Following Purposes: Founder’s Guide (2026) For a private business owner, a liquidity event accomplishes which of the following purposes: it converts an illiquid, concentrated equity stake into cash or marketable securities that can be diversified, gifted, taxed efficiently, or reinvested. Founders of […]
What to Do If Offered an Acquisition Offer by Private Equity Firm (2026)
Home / Answers / Current article What to Do If Offered an Acquisition Offer by Private Equity Firm If you are asking what to do if offered an acquisition offer by private equity firm, the short answer is do not sign the NDA or exclusivity, do not send financials, and do not name a price […]
How to Calculate the Sale Price of a Business Using NOI (2026)
Home / Guides / Current article How to Calculate the Sale Price of a Business Using NOI: Cap Rates, Math, and Real Examples (2026) Learning how to calculate the sale price of a business using NOI is the fastest way for an owner to sanity-check a broker’s pitch, a buyer’s offer, or their own retirement […]
How to Negotiate an Earnout Business Sale: 2026 Playbook
Home / Guides / Current article How to Negotiate an Earnout Business Sale: The Seller’s Playbook (2026) Knowing how to negotiate an earnout business sale is the difference between collecting the headline number on your purchase agreement and watching 40 to 50 percent of it evaporate over the next two years. According to the 2025 […]
What Happens When an ESOP Company Sells? (2026)
Home / Answers / Current article What Happens When an ESOP Company Sells? What happens when an ESOP company sells is governed by a sequence of ERISA fiduciary checkpoints that do not apply to any other type of M&A transaction: an independent ESOP trustee must determine the sale price is at or above fair market […]
When You Sell Your Business Should You Terminate Your Employees? (2026)
Home / Answers / Current article When You Sell Your Business Should You Terminate Your Employees? When you sell your business should you terminate your employees? In almost all cases, no. Pre-close terminations destroy deal value, can trigger WARN Act liability, may breach the ordinary-course covenants in your letter of intent, and often hand the […]