A Letter of Intent or “LOI” functions to outline the basic terms of a transaction before parties begin conducting due diligence and negotiating and drafting a formal agreement. LOIs can be used in all types of transactions whether it be…
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Indiana’s Business Flexibility Act which allows the formation of limited liability companies (LLCs) has been a hit with small and large business owners alike. The LLC has the advantages of income “passing through” to individual owners (thus, avoiding a separate…