Navigating the Legal Process of Buying a Small Business

Day Pitney Boston Corporate Partner Jared Shwartz joined Harvard Business School's Think Big, Buy Small Podcast to discuss the legal and practical considerations that can shape a deal's success. Drawing on his experience representing buyers and sellers, he discussed how to choose an advisor with relevant small business M&A experience, what to include in a letter of intent, and why working capital can become a major source of deal friction.
 
Shwartz also highlighted the importance of identifying potential obstacles early, including multiple owners, complex corporate structures, third-party consents, and financing challenges. He shared practical insights on navigating negotiations without creating deal fatigue, managing risk, and maintaining a strong relationship with the seller beyond closing.
 
Listen to the full episode here.