Buying & Selling a Business: The Legal Playbook Every Owner Needs
Featuring Jordan Goewey of Thomas Fisher and Edwards P.A.
If you’re a business owner who thinks “I’ll just sell my business one day and everything will work out” — this episode is required listening.
In my practice, I spend a lot of time helping business owners increase the value of their businesses and prepare for an eventual exit. But today, we flip the script and talk about what actually happens during a sale — from a legal standpoint.
This week’s guest, Jordan Goewey, is an attorney who specializes in business transactions and works daily with owners buying and selling companies. We walk step-by-step through the real process, the real risks, and the real decisions that can either protect—or destroy—your outcome.
If selling your business is even a remote possibility in the next few years, this episode will save you time, money, and stress.
🔍 What You’ll Learn in This Episode
✅ Why not every attorney is the right attorney for a business sale
✅ Why specialization matters when millions of dollars are on the line
✅ When an attorney should get involved (hint: earlier than most owners think)
✅ How Letters of Intent (LOIs) really work—and why sellers have the most leverage there
✅ What happens during due diligence (and why it’s often the most painful part)
✅ Common diligence landmines business owners don’t realize matter
✅ How purchase agreements are negotiated and why “the first draft is never the deal”
✅ What closing a business sale actually looks like today (DocuSign, escrow, wires, Zoom closings)
✅ The real math behind a “$50 million exit” after taxes, legal fees, brokers, and earnouts
✅ Why selling your business is often the single most important financial transaction of your life
⚖️ About Today’s Guest: Jordan Goewey
Jordan Goewey is a shareholder at Thomas Fisher and Edwards P.A., a law firm based in Greenville, South Carolina with additional offices in Spartanburg.
Jordan’s practice focuses on:
Business formation and structuring
Buy-sell agreements
Business sales and acquisitions
Working with high-net-worth business owners and founders
He is licensed in South Carolina, North Carolina, and Tennessee, and regularly works with owners throughout the Southeast.
🌐 Firm website:
👉 www.tfelawfirm.com (This is the website for Thomas Fisher and Edwards P.A.)
📧 Email:
[email protected]📞 Phone: (864) 232-0041
🧠 A Key Theme from This Episode
Don’t go it alone.Too many business owners assume selling a business is “just a deal.”
In reality, it’s a multi-year planning process involving legal, tax, financial, and emotional decisions.
The owners who get the best outcomes:
Plan early
Build the right advisory team
Understand that headline price is not take-home wealth
📘 Free Resources Mentioned in This...