The process/steps for consummating the selling of a company are as follows:
Step 1- 30 minute introductory call with Milestone Mergers.
Step 2- Sign NDA with Milestone Mergers.
Step 3- Sign Contract for Milestones Mergers Fees.
Step 4- Sign NDA with seller.
Step 5- Introductory Zoom Meeting with Seller.
Step 6- Exchange of Basic Financial information.
Step 7- Sign Non-binding Term Sheet for Sale of your company.
Step 8- Sign Binding Contract for Sale of your company.
Step 9- Seller to provide deposit in the amount of 20%.
Step 10- Complete Due Diligence within 30-60 days.
Step 11- Close on Transaction.
The process/steps for consummating the purchase of a company are as follows:
Step 1- 30 minute introductory call with Milestone Mergers.
Step 2- Sign NDA with Milestone Mergers.
Step 3- Provide proof of liquid funds in the amount of the purchase price ***
Step 4- Sign Contract for Milestones Mergers Fees.
Step 5- Sign NDA with seller.
Step 6- Introductory Zoom Meeting with Seller.
Step 7- Exchange of Basic Financial information.
Step 8- Sign Non-binding Term Sheet for purchase of company.
Step 9- Sign Binding Contract for Purchase of company.
Step 10- Provide refundable deposit in the amount of 20%.
Step 11- Complete Due Diligence within 30 days.
Step 12- Close on Transaction
*** Proof of funds can be one or more of the following- Audited Financials, bank statements or a letter from an accredited financial institution confirming availability of funds with specific language indicating the funds are not encumbered. Letter must be on the financial institution’s letterhead and signed by an officer of the financial institution. Provide Corporate resolution (if appropriate).
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