Welcome back to Dealmaking with Laura DiFrancesco. Laura gets asks so many questions in her consultation calls- most of which are asked over and over again.So, Laura decided to make a whole podcast episode going over the most asked questions in a consultation call. She discusses how to structure a transaction when a licensed business is involved, dissects a variety of licenses, explaining which professions and states are more regulated than others, and provides actions to take in order to obtain license as diligently as possible and understanding the timelines for acquiring different licenses. Whether the license is being transitioned from the business, owner, or employee, Laura imparts a variety of strategies for ensuring a smooth transition of licenses during the transaction.
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What You’ll Learn
Specifics of Licenses
// Learn the different types of licenses that a business may need, which professions are more regulated than others, and which states are more regulated than others.
How License Can Affect the Timeline of the Transaction
// Understand the implications of different licenses and the proper steps to take towards obtaining a license in a timely manner.
Considerations When Transitioning Ownership of License
// Compare strategies for transitioning licenses that guarantee at least one license holder at all times, such as put options, owner licenses, and key employee obligations.
Episode Highlights:
[00:00] Introduction to Dealmaking with Laura DiFrancesco
[03:17] Specifics of Licensed Businesses
[06:36] How License Will Impact Transaction Timeline
[10:10] Dean Street Law Ad
[11:08] Who Should Hold the License
[13:40] Considerations to Take When Transitioning a License
[17:25] Creating a Mutually Beneficial Transition for Buyer and Seller
[20:48] Acquisition Insights Ad
[21:47] Creating a Pre-LOI and Due Diligence Plan
[26:02] Outro
Resources Mentioned
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Credits
Host //Laura DiFrancesco
Executive Producer // Teagan Rowland
Editor // Jules Bernardo and Teagan Rowland
Associate Producer // Jules Bernardo
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