Get a legal opinion Whether you’ve drafted your own offer letter or require the help of a lawyer to do so, get paired with an experienced industry professional to guide you. Buying a business is not the same as buying real-estate. Make sure you are protected in your acquisition before committing and be confident you haven’t left anything critical out. This consultation will walk you through the do’s and don’ts of a transaction; ensure you are on the right path and taking the right steps in your conversations with the sellers. You'll get a layout of the due diligence process and be provided with a due diligence checklist for the seller.