A data room is a secure location that is created by a seller wherein a firm's confidential data is then placed for inspection by the purchaser. The data room is an integral part of the the due diligence process, which takes place after a non-disclosure agreement has been signed. A data room is also known as a due diligence data room.
The middle market represent one-third of private sector GDP and employ approximately 25% of the total labor force. Yet, it is estimated 70% of mid market businesses can never be sold. Michael Nall, Founder of the AM&AA, provides his insight on this concerning statistic.
Deciding to Sell
Upper Middle Market
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Noah Rosenfarb, CPA/ABV/PFS has devoted his career to advising business owners on all things related to money. He is a Personal CFO and Holistic Wealth Coach at Freedom Business Advisors, which provides middle market business owners guidance on how to successfully transition out of the management and or ownership of their company. Mr. Rosenfarb is the author of EXIT: Healthy, Wealthy and Wise and co-hosts the Divestopedia podcast where he is both a contributor and Advisory Board member.
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