Even the most experienced investors and dealmakers hire legal counsel to help with their SMB acquisitions. This makes building the right legal team for your search an especially important task when it comes to due diligence. However, things don't always go well: people hire attorneys that are inexperienced with small business M&A or stymie deals with excessive redlining. To shed some light on this topic is Kevin Henderson, Founding Partner of SMB Law Group. We're going to discuss how to build and manage your legal team throughout your acquisition and his experience growing a law firm solely focused on small businesses.

(00:00:00) - Introduction to Private Market Insights with Guest Kevin Henderson (00:05:36) - The Mindset of Successful Small Business Owners (00:11:42) - Understanding Legal Diligence (00:18:52) - The Role of Insurance in Small Business Transactions (00:24:45) - Discussing Standard Exchanges in the Space (00:30:13) - The Personal Nature of Transactions (00:35:20) - Entering Established Business vs Starting New (00:40:53) - Confidentiality Constraints (00:48:46) - Engaging Lawyers in LOI Negotiations (00:56:54) - Discussion on Business Brokerage Practices 🔗 Check out the Private Market Labs website: https://privatemarketlabs.com/ 💬 Follow us on Twitter: https://twitter.com/levinejm 🔗 Check out SMB Law Group: https://www.smblaw.group/ 💬 Follow Kevin Henderson on Twitter/X: https://twitter.com/KHendersonCo