The LMB Partners Handbook

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Prepare the business, understand the terms and manage the handoff. A seller-led guide with buyer considerations throughout.

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This handbook connects the business facts, economics and documents. Use it to prepare questions and assign work with your legal, tax and other advisors.

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Download the free handbook (PDF)

No email required.

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Six stages

1. Preparing the business — Build a supportable record

2. Using business brokers — Set the process and fee

3. The letter of intent — Agree on key assumptions

4. Due diligence — Test and resolve findings

5. Deal negotiation — Allocate risk and close

6. Postclosing — Manage the handoff and deadlines

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Your first working file

Create a deal dashboard with goals, advisors, milestones, open issues and decisions. Include a separate calendar for contractual notice and payment deadlines.

The checklists in this handbook are starting points, not complete legal requirements.

Request a consultation

General education only. Not legal, tax, accounting or investment advice. Obtain transaction-specific advice. No attorney-client relationship is created by this handbook.

LMB Partners, PLLC