A business purchase Letter of Intent (LOI) outlines the preliminary agreement between the buyer and seller when purchasing a business. It signifies the buyer's genuine interest in acquiring the business. An LOI serves as a roadmap for the transaction process, setting out the basic terms and conditions agreed upon by both parties. It acts as a formal declaration of the buyer's intention to proceed with the purchase. The post How to Write a Letter of Intent to Purchase a Business: The Essential Guide appeared first on United Capital Source.

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