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May 15, 2008, 1:59 pm   

PreQualification

 

George & Company works hard to help potential buyers learn the intricacies of buying a closely held company. The process begins with a confidentiality agreement and interest profile. The confidentiality agreement is signed by the Buyer and prevents the Buyer from disclosing proprietary information to anyone other than their accountant or attorney. Both of whom are bound by their professional code of ethics to maintain confidentiality. The interest profile provides George & Company with an overview of the Buyer's financial position, geographic preferences, commute time, time for acquisition, decision makers, risk assessment, etc. This process makes it easier for the Buyer and broker/intermediary to locate the right business that fits the acquisition criteria of the Buyer.

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