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How to Sell a Business | Ep 385
The Game w/ Alex Hormozi
How to Get a $50 Million Dollar Shell on an Escrow Hit
At the end of this video, I'll actually, I videotaped us actually having the escrow hit and the final signing. It's very anticlimactic, but you can see it for real and see what a $50 million dollar shell looks like. So at this point, you sign an exclusive LOI, meaning you can't shop the business to anybody else during the period of due diligence. They're gonna audit your quality of earnings, which is something you have to get the bankers will explain how to do that. Then they'll do legal diligence, so they're gonna make sure you actually own the company, do you have any lawsuits against you? Are you breaking any laws?"
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