Life After Business
#161: The Role of an M&A Attorney, Due Diligence and How to Maximize Your Sale Price
Today I’m talking with Daniel L. Grimsrud from the law offices of Best & Flanagan LLP. Dan and I talk about what the role of a mergers and acquisitions (M&A) attorney, how due diligence can help you keep the value you want, the importance of finding an exit strategy early, and how to hire and work with a team of advisors.
What you will learn:
- Dan’s background
- What does a Mergers and Acquisitions (M&A) Attorney do?
- What does an M&A Attorney NOT do?
- How does that compare to the “big box” lawyer firms?
- What does the due diligence process look like?
- What do M&A Attorneys look for?
- What to look for (and look out for) when finding an attorney for you
- Why look for an exit plan early?
Due diligence can be difficult and tedious but is worth the time and effort.
Links and Resources:
Growth and Exit Bootcamp
Promo Code: LAB10 for 10% off, (good until September 9th)
Dan started in accounting but decided to law school knowing he wanted to help people buy and sell their own businesses. He serves as an advisor to privately held companies and tax-exempt organizations of all shapes and sizes, providing thoughtful and practical advice on a variety of issues including structure and governance, contract and regulatory matters, tax, and transition planning and mergers and acquisitions. In addition, Dan works with members of the firm’s litigation and dispute resolution team to identify and implement practical solutions to governance and management disputes. He specializes in:
- Completion of dozens of M&A transactions representing buyers, sellers and other constituents in transactions involving amounts ranging from a few hundred thousand to several hundred million dollars.
- Planning and execution of a variety of corporate reorganizations, including tax-free spinoffs, combinations, and conversions involving multiple entities and owners.
- Resolution of shareholder disputes, including several litigated matters.
- Design and implementation of various strategic initiatives to improve tax, operational and governance efficiency and facilitate transition planning.
- Securing federal, state and local approval for client transactions and initiatives.
- Negotiating with taxing authorities to resolve income and sales tax disputes.
Brought to you by Ryan Tansom of Life After Business