The Fundamentals Of Buying A Business In South Dakota (Part 4)


Making the Offer


Once you decide to buy the business, you will make an offer. This is a legal issue and all of the “nitty-gritty details” of the sale need to be confirmed in writing. This is a “measure twice and cut once” process that must be done right the first time. “Do overs” can be very expensive! For example, make sure the agreement contains any necessary conditions in the offer, so you may withdraw (without penalty) if the seller does not meet all of the agreed-upon conditions.