Choosing the Right Escrow Company for Business Transactions

Before You Buy or Sell a Business

About The Guest:

Ron Quinn is the founder of Accelerated Law Group, a law firm that specializes in business transactions. With over 22 years of experience, Ron has handled thousands of transactions, ranging from small businesses to multimillion-dollar chains. He is known for his expertise in business law and his commitment to providing excellent service to his clients.

​Summary

In this episode, host Jared Johnson interviews Ron Quinn, the founder of Accelerated Law Group. Ron shares his journey into the world of business transactions and discusses the services his firm provides. He emphasizes the importance of choosing an escrow company that understands the intricacies of business transactions and offers advice for buyers and sellers. Ron also explains the differences between asset purchases and stock purchases and highlights the need for due diligence and careful consideration of tax liabilities. He concludes by sharing some of the craziest experiences he has had in his career.

Key Takeaways

• When choosing an escrow company, it is crucial to find one that specializes in business transactions and understands the unique challenges they present.
• Due diligence is essential for buyers and sellers to ensure they are aware of any potential liabilities or issues with the business.
• Stock purchases and membership interest purchases can be more complex than asset purchases and require careful consideration of contracts and tax liabilities.
• Buyers should be cautious about making significant changes to a business immediately after acquiring it, as this can disrupt operations and alienate employees and customers.
• Communication is key in business transactions, and all parties involved should stay in touch and keep each other informed throughout the process.

If you have questions for Jared, visit JaredWJohnson.com or connect with Jared on LinkedIn.

DISCLAIMER: The views and opinions expressed in this program are my own and/or those of my guests. They do not necessarily reflect the views or positions of my employer.