Letter of Intent Archives - Your ExitMap https://yourexitmap.com/tag/letter-of-intent/ Free Exit Planning Tools for Business Owners Tue, 18 Nov 2025 15:08:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://yourexitmap.com/wp-content/uploads/2026/03/cropped-Site-Icon-YEM-2-32x32.png Letter of Intent Archives - Your ExitMap https://yourexitmap.com/tag/letter-of-intent/ 32 32 122889523 The Inexperienced Advisor – An Exit Planning Horror Story for Business Owners https://yourexitmap.com/the-inexperienced-advisor/ https://yourexitmap.com/the-inexperienced-advisor/#comments Tue, 18 Nov 2025 15:08:53 +0000 https://yourexitmap.com/?p=10741  This is a cautionary tale for business owners—one that’s “based on a true story.” The facts are real, although the exact sequence of events might raise questions if the IRS were to take a closer look. A small business owner received a $1,000,000 offer to sell his company. He had already been thinking about retirement, and the chance to cash out felt like a perfect opportunity. His original plan had been to sell the business to a long-time employee through a promissory note, but that changed when the cash offer came along. The business’s profits had always been modest, and the employee couldn’t match the ... Read more

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