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12/09/2020
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searcher Harvard University - Harvard Business School
searcher Harvard University - Harvard Business School
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Searchfunder Session: Blitzlaunching Search Funds in New Markets
2021-01-21T17:00:00+00:00
Searchfunder MeetUp - UK Searcher Bi-Weekly Brainstorm
2021-01-22T16:00:00+00:00
Due Diligence Office Hours with Elliott Holland
2021-01-22T17:00:00+00:00
Searchers Mastermind Group
2021-01-22T17:30:00+00:00
Women in Search Happy Hour
2021-01-22T21:00:00+00:00
Searchfunder Ops Session: Special Guest Walker Deibel
2021-01-26T19:00:00+00:00
Searcher Success Story: Getting Funded During Covid
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Selling Your Business - A Buyer's Perspective
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Business Owners: Elevate: The Summit for Growing & Selling Your Business
2021-01-28T16:00:00+00:00
Searchfunder's BIPOC MeetUp: Preparing to be a Diverse CEO
2021-01-28T19:00:00+00:00
Searchers Mastermind Group
2021-01-29T15:30:00+00:00
Searchfunder Session: Using HubSpot for Your Search & Acquisition
2021-02-02T19:00:00+00:00
Searchfunder Session: Tales from the Trenches: Due Diligence War Stories
2021-02-03T19:00:00+00:00
S.O.S.: Leaving Corporate America
2021-02-04T19:00:00+00:00
Searchers Mastermind Group
2021-02-05T15:30:00+00:00
Searchfunder MeetUp - UK Searcher Bi-Weekly Brainstorm
2021-02-05T16:00:00+00:00
S.O.S.: Lessons from the Zombie Apocalypse
2021-02-09T19:00:00+00:00
S.O.S.: Searchfunder Ops Session: Avoiding Catastrophe with Carveouts
2021-02-10T19:00:00+00:00
S.O.S.: Post-Acquisition Financing
2021-02-11T18:00:00+00:00
Searchers Mastermind Group
2021-02-12T15:30:00+00:00
Searchfunder MeetUp - Self-Funded Searchers
2021-02-12T19:00:00+00:00
7th Annual Booth-Kellogg ETA Week
2021-02-16T15:00:00+00:00
Searchfunder Session: Funding, Funding, Funding
2021-02-16T20:00:00+00:00
7th Annual Booth-Kellogg Entrepreneurship Through Acquisition (ETA) Conference
2021-02-19T15:00:00+00:00
Wharton ETA Club Presents: Live Oak Bank
2021-02-23T18:00:00+00:00
S.O.S: Moneyball Recruiting Strategies for Small & Medium Sized Businesses in a Post-COVID Economy
2021-02-23T19:00:00+00:00
Legal Aspects of ETA Workshop
2021-03-03T18:00:00+00:00
SaaS Deals & Transaction Multiples
2021-03-31T05:00:00+00:00
My primary advice is to make sure that your OA addresses the 3 most common areas where issue arise within closely-held businesses: 1) Money (who gets paid what and how is that decided? What happens if we need more capital?), 2) Power (who makes the decisions generally? How are votes allocated? When do we need majority/super-majority/unanimous consent on a business decision?) and 3) Succession Plans (what happens if an owner dies/declares bankruptcy/doesn't want to be an owner any more? How will the Company retain ownership with adequate flexibility to maintain daily operations of the Company? What if an owner/employee gets fired?).
In my limited experience, smaller companies tend to over-think the Operating Agreement, and larger companies tend to under-think it. I think it's a good idea to make sure that your primary concerns are addressed in the document in a manner that is clear and understood by all the stakeholders.
And, as ^[redacted] noted, make sure to loop your tax advisor in on the financial aspects to say on the right side of our good friends at the IRS.