How a Business Hired a Lawyer to Draft a Business Purchase (all docs) in Texas

In 2026, a business specializing in acquisitions in Texas sought assistance with drafting various documents related to an SBA-financed purchase of an operating business. The client was under a signed confidentiality agreement and aimed to negotiate a Letter of Intent, an Asset Purchase Agreement, and address closing requirements with SBA lenders. Additionally, they required guidance on entity structure and documentation needed for the transaction, as the buyer was a licensed Texas real estate agent. As a result, the client received 12 proposals from qualified attorneys, with flat fee bids ranging from $700 to $8,500, all submitted to meet the client’s requested deadline of two to three weeks for drafting the Letter of Intent.