Early in the process of selling your company, it’s exciting to receive a “letter of intent,” or “indication of interest” (sometimes referred to as “LOIs”) from a buyer outlining the basic acquisition terms and describing how motivated they are to acquire your company. Typically, buyers don’t issue an LOI without doing business diligence, obtaining internal approvals, and developing a strong business case for the Read More

As almost everyone knows, companies are owned by stockholders and that ownership is represented by shares of stock. However, legal terminology used to describe stock ownership, and how to determine and set up ownership, can be confusing both to new and experienced founders and investors alike. For this blog, we will look at the difference between “authorized” and “outstanding” shares. The number of shares Read More