In the challenging world of mergers and acquisitions (M&A), a Letter of Intent (LOI) is a critical document that streamlines negotiations. This preliminary agreement lays out the key terms between the buyer and seller, paving the way for detailed due diligence and formal contracts. Understanding an LOI's nuances is vital for buyers aiming to master the M&A process.

Buying a business is more than an investment—it’s a strategic leap into ownership, opportunity, and scalable growth. But here’s the truth: even promising deals can derail without a solid process. If you’re serious about acquiring a business, here’s the roadmap that seasoned buyers follow to close with confidence and clarity.