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Episode 10 of the Mad Profit Podcast we speak with Louie Sopov, a corporate commercial lawyer with over 15 years experience of M&A and commercial business helps explain to us what to expect when purchasing a business.
His provides great insight on topics such as cross border jurisdiction, due diligence, contract structure and finding the right legal partner when buying or starting a business.
00:28 Skip Intro – Dive into Louie Sopov’s Background
02:00 Process for Business Acquisition & Due Diligence
05:17 Finding and Building your Acquisition Team
09:21 Cross-border Acquisition and Contract Law Consideration
12:00 The Implication of Jurisdiction
13:40 Share Sale vs Asset Sale
18:01 Corporate Structures and Liability
26:09 Contracts Structure and Reps & Warranties
37:17 Finding the Right Lawyer
42:40 Final Advice
What is the Mad Profit Podcast?
Welcome to the Mad Profit Podcast where Host Laurent Truc interviews active investors, entrepreneurs, and experts who left corporate jobs to buy or start successful ventures and live life on their own terms.
Listen to their stories, learn from their experiences and heed their advice so you too can create mad profits and the life you’ve always wanted.
About Laurent Truc and MadX Capital
Host, Laurent Truc, is the founder of MadX Capital Inc ( a Toronto based Online Business Brokerage, consultancy and education company that helps aspiring entrepreneurs and business owners buy profitably online businesses so they can live the life they dream.
Whether you’re looking for a side business, a new type of investment to diversify your portfolio or looking to fully replace your corporate job, MadX Capital has the tools and resources to help you get there faster and with less risk.
Laurent is also the author of “Become an Internet Business Mogul – Create Income and Wealth Through the Acquisition and Management of Online Assets” sold on Amazon and through MadX Capital’s website and he runs the Toronto Chapter of Internet Mastermind
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