Two offers with the same headline can be worth very different amounts. This guide explains each part of a deal structure, how it is taxed, and the terms that protect money you have not yet received.

What's inside

  • Share sale or asset sale, and the bridge from headline price to cash
  • Locked box or completion accounts
  • Deferred consideration, loan notes and earn-outs, and the terms that matter
  • Rolling over into a private equity deal, and selling to an employee ownership trust
  • How each structure is taxed
  • Comparing offers on value today, real deals and court cases, and a negotiating checklist

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