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Mitch Beinhaker

May 28, 2026

4:10
Yeah.
4:10
I think as a business broker, if you have a seller, for example, you have to get them committed to what they're selling and what the price at which they're offering the business.
4:19
'Cause I see a lot of times what happens is we get into contract, we're in an LOI, we're working on whatever, and the seller already has some remorse about the price that he's willing to sell the business at.
4:33
And it starts causing friction in the deal because, look, the buyer, depending on how complicated the business is, maybe it's a contract-based business, so there's contracts to be reviewed.
4:44
They're looking at books and records and income and ca- And there's always friction around the financials of the business, right? Because a lot of times the small business owners are not the best when it comes to bookkeeping.
4:54
We may not even have been running our business to increase value, we've been doing it to decrease taxes-

11 MINS LATER

15:40
Okay.
15:41
And it, one of the things I, that I remember, I don't remember the guy's name.
5:16
Hmm.
5:16
I'm almost central, right? But not really.
5:19
And, um, so I, I practice there.
5:21
I'm admitted in New York and New Jersey.
5:22
I waived into New York about three or four years ago.
5:24
So I handle transactions in New York, um, Long Island, upstate.
5:29
Um, and I do not only business work, but I do a lot of probate and real estate work.

52 MINS LATER

57:31
Yeah.

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