When do you share CIM with lawyer/accountant?

by a searcher from The University of Arizona - Eller College of Management

3 years ago

Hi all - I'm a first time buyer, was wondering when do you buyers usually share the CIM with their lawyers/accountant and engage them for their perspective? Pre-or-post LOI?

Thank you!

3 likes
198 views
9 comments

intermediary from Harvard University - Harvard Business School

One of the mistakes inexperienced buyers often make is waiting to engage professionals until late in the process, usually to save money. That is why it is important to establish relationships with key professionals - accountants, lawyers, I-bankers if you are going to use them to help raise capital, etc.. If you have a relationship and they know you will use them when a deal happens, they will usually review a CIM and provide help on an LOI either for free or cheaply. Remember, you are going to have to live with most of what is in the LOI and live without what isn't.

3 years ago | like reply | 6 likes

professional from Villanova University

Chris, for both legal and financial, as early as practicable to identify potential red flags. Happy to chat and/or review your deal: --@----.com

3 years ago | like reply | 3 likes

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