How To Buy And Sell A Business

How To Buy And Sell A Business

Foreman Law presents the How To Buy And Sell a Business Podcast with hosts Sam Foreman, Business Attorney at Foreman Law, and Jacob Wayman, owner of Orange Theory Fitness in Wichita, Kansas. The goal of the podcast is to educate, equip, and empower you to have a successful deal process whether you are buying or selling a business, or simply want to learn more about what that process is like. Legal topics discussed on this podcast are for general purpose information only. No client attorney relationship is being formed by this podcast. Find out more information at GoForemanLaw.com

Episodes

May 2, 2024 24 mins

Medical or Dental Practice Partner Buy-ins

In this discussion of buying part ownership of a medical or dental practice, or partner buy-ins, co-hosts Sam Foreman, founder of Foreman Law and Jacob Wayman, business owner and local Orange Theory Fitness franchisee, are joined by Jennifer Allen, CPA, Principal and Healthcare practice group leader at Adams Brown, and CJ Morawitz, VP of Medical Practice Solutions with Emprise Bank.

 

Den...

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Co-hosts Sam Foreman and Jacob Wayman are joined by Ben Renn, AVP, Business Banker at Emprise Bank, and Jill Garcia, SBA Administrator, Emprise Bank, to discuss using an SBA loan to purchase real estate, in the final episode in a four-part series on SBA lending.

 

Watch the video version of this episode at https://youtu.be/5Jwc9U4LLTk?si=eTI1eNEdxrAoRgK4

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Co-hosts Sam Foreman and Jacob Wayman are joined by Ben Renn, AVP, Business Banker at Emprise Bank, and Jill Garcia, SBA Administrator, Emprise Bank, to discuss using an SBA loan when buying out a partner, or buying ownership in a business, in part three of a four-part series on SBA lending.

 

Watch the video version of this episode at https://youtu.be/HArwCqCihYk?si=BUnRJnyhz_s2yqFb

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Co-hosts Sam Foreman and Jacob Wayman are joined by Ben Renn, AVP, Business Banker at Emprise Bank, and Jill Garcia, SBA Administrator, Emprise Bank, to discuss using SBA lending when buying the assets of a business, in part two of a four-part series on SBA lending.

 

Watch the video version of this episode at https://youtu.be/A5qUioYVMsw?si=wrGu2dClRCiYEQOI

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December 17, 2023 19 mins

Co-hosts Sam Foreman and Jacob Wayman are joined by Ben Renn, AVP, Business Banker at Emprise Bank, and Jill Garcia, SBA Administrator, Emprise Bank, to discuss the basics of using SBA lending when buying a business, in this first part of a four-part series on SBA lending.

Watch the video version of the podcast at https://youtu.be/badtmNM_ntg?si=GTuG4qMxzmHhgGIO

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Is a Merger a Good Structure For Your Deal? - Episode 12 of 12

In this final episode of the initial 12-part series, Sam Foreman and Jake Wayman wrap things up by talking about what a merger is, and whether a merger is a good structure for your deal. 

Key concepts from this episode include tax implications of a merger, structuring the deal properly, and more!

More information at https://goforemanlaw.com/learning/

 

Watch the full ep...

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Is A Stock Deal a Good Structure For Your Deal - Episode 11 of a 12

Previously discussed was whether an asset deal could be a good structure for your deal. Today, your hosts Sam Foreman and Jake Wayman talk about what a stock deal is, and whether a stock deal is a good structure for your deal. 

Hear more about tax treatments for buyers in a stock deal, tax elections, and possible third party issues. 

More information at https://go...

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Is an Asset Deal a Good Structure For Your Deal? - Episode 10 of 12

Join Sam Foreman and Jake Wayman talking about what an asset deal is, and whether or not it is a good structure for your deal. 

Some key considerations from today's episode are assignments of contracts, third party rights, benefits and speed bumps of asset deals, and possible additional work to complete asset deals. 

 

More information at https://goforemanlaw.com/l...

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How To Understand The Seller's Priorities - Episode 9 of 12

In the last episode, the buyers' priorities were discussed. In this episode, your hosts Sam Foreman and Jake Wayman now focus on tackling and understanding the seller's priorities. Hear about value, risk, and practical tips to help you be ready for the deal process. 

Some key concepts from this episode include knowing the total sale price, tax planning, liabilities, post-c...

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How To Understand The Buyer's Priorities - Episode 8 of a 12

Join your hosts Sam Foreman and Jake Wayman as they give you tips on how to understand the buyer's priorities, understanding the kind of buyer, what they value, and the risks that are involved in the deal. 

Some other key points include: taking time early to build relationship, being clear about your interests and priorities, and quickly getting key risks to the table.

M...

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How To Maximize The Value Of Your Deal Budget - Episode 7 of 12

In this episode, Sam Foreman and Jake Wayman tackle how to get the most value out of your deal budget. Hear their insight into maximizing the value of your time, starting with a budget, being great at relationships and organization, and more!

More information at https://goforemanlaw.com/learning/

 

Watch the full episode on our YouTube channel at:

https://youtu.be/ESC...

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How Much Will Your Deal Cost? Episode 6 of 12

Sam Foreman and Jake Wayman dive into that million-dollar question: how much is your deal going to cost? 

Some key concepts from today's episode cover general principles of the deal, like complexity, size, relational dynamics, and scope of work. 

Hear about hard costs for the buyer and seller like legal, accounting, taxes, and post-closing costs. 

More information at https://goforemanla...

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How Much Work Is The Deal Going To Take? Episode 5 of 12

Sam Foreman and Jake Wayman discuss how much work your deal is going to take, and more importantly, some tips on how to manage the work. 

Some key points from today's episode are: having financials in order, finding a buyer or seller, full due diligence, setting expectations with your family, and much more. Listen in!

More information at https://goforemanlaw.com/learning/

Wat...

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How Should You Build Your Deal Team? - Episode 4 of 12

Join Sam Foreman and Jake Wayman as they discuss how to build your deal team. Today's focus is on three main points: when you should build your deal team, who you should have on your deal team, and how you should manage your deal team.

More information at https://goforemanlaw.com/learning/

 

Watch the full episode on our YouTube channel at: https://youtu.be/bJ2ekXCqEGw

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How Long Does The Deal Process Take - Episode 3 of 12

 

In this episode, Sam Foreman and Jake Wayman talk about how long your deal will take. 

 

More information at https://goforemanlaw.com/learning/

 

Watch the video episode on our YouTube channel at: https://youtu.be/5j1p8PC_pVU

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Follow Your Hosts

Sam Foreman, Foreman Law 

Jacob Wayman, Orange Theory Fitness

 

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How Does The Deal Process Work? - Episode 2 of 12

In this episode, Sam Foreman and Jake Wayman discuss how the deal process works, focusing on preparing for the deal, doing the deal, and finishing the deal. Some key points from the show also cover initial terms, LOI, term sheets, financing, documentation, and more. 

More information at https://goforemanlaw.com/learning/

Watch the video episode on our YouTube channel at: https://you...

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Preview & Top Tips | Episode 1 of 12

Welcome to the initial 12-part series of the How To Buy & Sell A Business Successfully Podcast! 

We want to help you buy or sell your business, successfully. This series will talk about how the deal process works, how to build your team, how to budget for your deal, key deal terms and concepts, and a handful of other topics to really help prepare you to be successful in your deal.

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