Join Liz MacRae, CEPA and President of Village Wellth, as we explore the critical aspects of a Letter of Intent (LOI), its purpose, significance, components, and best practices.
LOI's set the stage for business deals, serving as preliminary agreements. They streamline negotiations, define terms, and protect both parties' interests.
Creating impactful LOIs ensures clarity, and sets the groundwork for successful negotiations.
Learning Objectives:
- Understanding LOI Fundamentals - Define what a Letter of Intent (LOI) is and its preliminary purpose in business transactions.
- Recognizing Significance - Identify the importance of LOIs in initiating and structuring business negotiations.
- Key Components Knowledge - Familiarize with the essential components that make up a comprehensive LOI, such as identification of parties, terms, and conditions, due diligence, etc.
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Event Details
Who Should Attend?
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Financial Advisors
One of the critical ‘legs of the stool’ is personal financing planning. An owner must have a strong financial plan & contingency plan post-transition to enable them to thrive in the next act of the lives personally and financially. Exit planning brings this future mindset into the present. Exit is now.
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Family Business Advisors
More than 50% of lower middle market business owners would prefer to transition to the next generation. Help them succeed with exit planning strategies.
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Professional Advisors
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Business Owners & Their Trusted Advisors
EXIT PLANNING IS GOOD BUSINESS STRATEGY
The Exit Planning Institute, provides Financial Advisors, Accountants, Consultants, and other advisors of business owners with the critical education to differentiate themselves and add value to their existing client relationships through a credential, conference, courses, and content. Download the CEPA brochure for more information.
ABOUT THE PRESENTER
Meet Liz MacRae:
Liz is a Certified Exit Planning Advisor (CEPA) and the Co-Founder of the technology start-up Village Wellth, an acquisition management platform built to simplify and streamline the process of buying a business.
After missing the opportunity to take over her father's company due to lack of succession planning, Liz and her husband, Scott, ventured into business ownership by purchasing a franchise. The experience of starting a new franchise and coming full circle to sell it led her into the business succession space, where she trained as a business broker and later as an exit planning advisor.
In the past decade, Liz has acquired and exited from two companies. She is dedicated to innovating the acquisition process to ensure that more businesses in the lower middle-market transition to the next generation.
