In this episode, we spoke to the Managing Director of BCI Business Brokers, Tony Arena. Tony provides some great case studies and advice to brokers, owners, and buyers in relation to protecting themselves during business sales and acquisitions.
- BCI Business Brokers and Tony Arena’s background
- The first time Tony was sued as a business agent
- The claims that were being made
- The disclaimer that saved Tony in the end
- Remember your position as a conduit of information between the seller and the buyer
- The impact of the case on Tony’s pitch
- The importance of keeping great notes
- Pointers on what you can do to protect yourself
In this episode, we spoke with Tony Arena the Managing Director of BCI Business Brokers and we discussed the risks that are out there for business brokers and advisors in the area of business acquisitions and sales. Tony provided many really great tips and although many of the cases related to very small businesses his tips really are applicable to any transaction no matter the size.
We discussed the importance of keeping great notes, using really strong disclaimers and remembering your position as a conduit of information between the seller and the buyer. This episode also discussed the significance of careful messaging in marketing, staying ethical and being careful with client and buyer selection.
Our Business Sales and Acquisitions Services
Aspect Legal has a number of great services that help businesses prepare for a sale or acquisition to help them prepare in advance and to get transaction ready. And we’ve also got a range of services to help guide businesses through the sale and acquisitions process.
We work with clients both big and small and have different types of services depending on size and complexity. We provide a free consultation to discuss your proposed sale or acquisition – so see our show notes on how to book a time to speak with us, or head over to our website at Aspectlegal.com.au
Disclaimer: The material contained on this website is provided for general information purposes only and does not constitute legal advice. You should not depend upon any information appearing on this website without seeking legal advice. We do not guarantee that the contents of this website will be accurate, complete or up-to-date. Liability limited by a scheme approved under Professional Standards Legislation