Monthly OBBA August Luncheon Meeting
Are you in town for August 9, Wednesday? Join your fellow OBBA, NOBBA and Affiliate Members, Sponsors and Industry Collaborators for our public monthly association luncheon meeting next week.
Summer will soon be over and next thing you know, we're getting ready for the holidays. We had an exceptional July Monthly Meeting, Hosted and Sponsored by Attorney Vinita Mehra and firm Kegler Brown. We had a full room with every seat taken.
For our monthly meeting Speaker Series we will be covering the Due Diligence. This will be an interactive meeting as we will hopefully get different feedback from several members on the many variations of this important process. What stands out, what to look for and what to avoid in order to protect all parties.
In its simplest terms, due diligence is the process of ensuring that, before a deal is finalized, things actually are as they appear to be. While it takes work, due diligence helps squeeze risk out of a sale, protecting the buyer and the seller. It protects the buyer from buying something different than has been represented, and it helps the seller be thorough in material disclosures and avoid having a buyer assert that things were undisclosed as a claim for damages.
For someone considering a merger or the purchase of a business, document review and the answers to due-diligence questions are critical. It is a complex, time-consuming process, but with so much on the line with any merger or acquisition, neither buyer nor seller wants to make a major decision without a solid foundation of accurate information.
“A key goal of the due diligence process is to find potential problems, such as liabilities and contractual issues,” notes Gary Papay (Principal, Pennsylvania and North Carolina). “The end result should be that the selling price of the business is justified and both parties walk away satisfied. It is very common for problems and issues to pop up during due diligence, so it’s important to stay proactive and be open to negotiation until the deal is finalized.”
Register Today So We Can Make Proper Seating Arrangements
Meeting Logistics:
Date: Wednesday August 9, 2023
Where: Mi Pueblo Mexican Grill
Address: 1993 Hard Rd, Columbus, OH 43235
Time: 11:30 to 1:15pm
We look forward to seeing you! Register Today!
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