Should I hire a lawyer or broker when buying a business?
The role of lawyers and brokers in buying
A lawyer can spot vague or risky contract language, ensure the seller isn’t hiding liabilities and help structure the dealhttps://kewlegal.com/how-to-buy-an-existing-business/#:~:text=They%20Know%20What%20to%20Look,For. They review the LOI, purchase agreement, lease transfers and escrow termshttps://kewlegal.com/how-to-buy-an-existing-business/#:~:text=Don%E2%80%99t%20wait%20until%20the%20final,before%20you%20sign%20anything%20binding. A professional broker such as Prime 100 can source opportunities, provide valuations and guide negotiations. Selling or buying on your own may save commissions, but brokers often secure better deals and keep the process on trackhttps://www.investopedia.com/articles/pf/08/sell-small-business.asp#:~:text=4https://www.investopedia.com/articles/pf/08/sell-small-business.asp#:~:text=A%20business%20broker%20may%20charge,can%20get%20on%20your%20own. We guide you through evaluating opportunities and conducting due diligence with a supportive, customer-first approach.