FREQUENTLY ASKED QUESTIONS
Ipswich Bay Company
- Why do I need an advisor?
- You will do this transaction, perhaps, only once; we do them 3-6 times a year. And remember: "The lawyer who represents himself has a fool for a client."
- What other professionals do I need?
- A lawyer, practicing securities or business law, and an accountant. We can provide a list, if you wish.
- What information do you need to see in order to determine if my planned transaction makes sense?
- First let us sign a Confidentiality Agreement. Then give us your historical financial statements (at least 3 years) and interims to date, a business plan or description, and your price/cost expectations.
- Why sholdn't I sell to the company or friend whom I know wants to buy? Or accept funds?
- Maybe you will...but without "checking the (broader) market", you'll never be certain that you achieved the best deal.
- How big is the private market?
- About $80 billion...but only a much smaller piece, which we will find, will want your deal.
