
Entrepreneurs through Acquisition (ETAs)
GoodBiz.Law is Great for Second Act Business Buyers
GoodBiz.Law is a “second act” business for its founders, Amy and Alicia. We know what it’s like to step out of the comfort zone of a paycheck into a new business. It is thrilling and terrifying in equal measures. But if you have the entrepreneurial spirit, you jump in and make it happen. We love ETAs – Entrepreneurs through Acquisitions.
Texas leads the way in new private company formation because of you.
We see many couples deciding that their second professional act is purchasing or building a business together. By pooling the financial resources and business skills accumulated in 20 years of working for others, they aspire to create both financial freedom and some flexibility in their lives. But where should they start on this journey?
Many of our clients start with a business purchase. Franchises are a popular but challenging “second act” step. More sustainable are traditional brick and mortar, manufacturing, and service sector businesses that are on the market because of the “Silver Tsunami.” We’re closing several deals a year where the buyers in their 40s or early 50s are buying a second act business, and the sellers in their late 60s or 70s are exiting their built-from scratch solid business. We love listening to and recommending the YouTube show “Acquisitions Anonymous Podcast” because it really speaks to our clients on the buy-side.
If you are thinking about becoming a second act buyer or an “entrepreneur through acquisition” call us early in the process. We can work with you on a budget and timeline for the strategic legal plan for risk management, tax planning, equity raise, and ultimately exit plan.
Remember, we are second act entrepreneurs just like you. We get it. And we can help.
