How Contingent Liabilities, Which Are Normally Sticking Points in Sales Transactions, Can Be Turned into a Positive

A business owner designates the responsibility of a contractor’s license to the wrong person which threatened the business value, but the owner managed to negate this issue. A business owner loses hundreds of thousands of dollars by continuing to work with a potential buyer who refused to deposit earnest money in escrow, only to find out too late that the buyer was denied their SBA loan due to non disclosure of their criminal history and felony conviction. A transaction where a seller properly manages the impact of continent liability exposure as they prepare their business for sale.

Tim Bellon

Tim Bellon
VR Business Brokers
Tampa Bay, Florida
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