--- title: Why Communication is Key When Buying a Company description: When miscommunication or lack of communication jeopardizes a deal, it can hurt both sides. Here's why communication is key when buying a company. image: https://blog.goosmannlaw.com/hubfs/Blog_Images/24404808_m.jpg --- [![Goosman Lawfirm](https://blog.goosmannlaw.com/hs-fs/hubfs/Goosmannlaw%20October2017/images/Goosmann_Law_Firm_logo_4C-white.png?width=1250&name=Goosmann_Law_Firm_logo_4C-white.png "Goosman Lawfirm")](http://goosmannlaw.com/) - [COVID-19 Toolbox](https://goosmannlaw.com/covid-19-resource-toolbox/) - Our Team - [Attorneys](https://goosmannlaw.com/attorneys/) - [Non-Attorney Staff](https://http://goosmannlaw.com/non-attorney-staff/) - Practices & Industries - [Practices](https://goosmannlaw.com/practices/) - [Banking & Finance](https://goosmannlaw.com/banking-finance/) - [Bankruptcy, Restructuring & Workouts](https://goosmannlaw.com/bankruptcy-restructuring-workouts/) - [Business](https://goosmannlaw.com/business/) - [Divorce & Family Law](https://goosmannlaw.com/divorce-family-law/) - [Employment](https://goosmannlaw.com/employment-law/) - [Environmental, Health & Safety](https://goosmannlaw.com/health-safety/) - [Estate Planning](https://trustlawcounsel.com) - [Gestational Surrogacy & Adoption](https://goosmannlaw.com/gestational-surrogacy-adoption/) - [International Law](http://goosmannlaw.com/international-law/) - [Litigation / Trial Law](https://goosmannlaw.com/litigation-trial-law/) - [Local Counsel](https://http://goosmannlaw.com/local-counsel/) - [Mergers & Acquisitions](https://goosmannlaw.com/mergers-acquisitions/) - [Rapid Response](https://goosmannlaw.com/rapid-response/) - [Industries](https://goosmannlaw.com/industries/) - [Agribusiness & Cooperatives](https://goosmannlaw.com/agribusiness-cooperatives/) - [Construction](https://goosmannlaw.com/construction/) - [Cyber Law and Telecommunications](https://goosmannlaw.com/cyber-law/) - [Education](https://goosmannlaw.com/education/) - [Health Care](https://goosmannlaw.com/health-care/) - [Manufacturing](https://goosmannlaw.com/manufacturing-law/) - [Multifamily Housing](https://goosmannlaw.com/multifamily-housing-law/) - [Non-Profit & Tax Exempt Organizations](https://goosmannlaw.com/non-profit-law/) - [Real Estate](https://goosmannlaw.com/real-estate/) - [Transportation](https://goosmannlaw.com/transportation/) - [Tribal](https://goosmannlaw.com/tribal/) - Our Firm - [Firm News](https://blog.goosmannlaw.com/firm-news) - Careers - [Attorneys](https://goosmannlaw.com/careers/attorneys/) - [Administration](https://goosmannlaw.com/careers/administration/) - [Internships](https://goosmannlaw.com/careers/internships/) - [Client Testimonials and Results](https://goosmannlaw.com/our-firm/client-testimonials-and-results/) - [Culture, Diversity, and Community](https://http://goosmannlaw.com/our-firm/culture-diversity-and-community/) - [Women-Owned Business](https://goosmannlaw.com/our-firm/women-owned-business/) - [Associations & Memberships](https://goosmannlaw.com/associations-memberships/) - [Firm History](https://goosmannlaw.com/firm-history/) - Blogs - [CEO Law Review](https://blog.goosmannlaw.com/ceo-on-your-side) - [Construction Lawyer](https://blog.goosmannlaw.com/construction-lawyer-on-your-side) - [Cyber Lawyer](https://blog.goosmannlaw.com/cyber-lawyer-on-your-side) - [Deal Maker](https://blog.goosmannlaw.com/deal-maker-on-your-side) - [Divorce Docket](https://blog.goosmannlaw.com/divorce-lawyer-on-your-side) - [Food for Thought](https://blog.goosmannlaw.com/agricultural-lawyer-on-your-side) - [HR Legal Insider](https://blog.goosmannlaw.com/human-resources-on-your-side) - [Law Doc](https://blog.goosmannlaw.com/health-lawyer-on-your-side) - [Paralegal Review](https://blog.goosmannlaw.com/paralegal-review/) - [Real Estate Lawyer](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side) - [Risky Business](https://blog.goosmannlaw.com/risk-manager-on-your-side) - [The Banker’s Suit](https://blog.goosmannlaw.com/banking-lawyer-on-you-side) - [Trial Law Review](https://blog.goosmannlaw.com/trial-lawyer-on-you-side) - [Trust Law Counsel](https://blog.goosmannlaw.com/estate-planning-laywer-on-your-side) - Resources - [COVID-19 Resource Toolbox](https://goosmannlaw.com/covid-19-resource-toolbox/) - [Podcast](http://podcast.goosmannlaw.com/) - [Videos](https://goosmannlaw.com/videos/) - [FREE eBooks & Tools](https://goosmannlaw.com/free-ebooks-tools/) - Contact Us - [Office Locations](https://goosmannlaw.com/locations/) - [Sioux City Law Firm](https://goosmannlaw.com/locations/sioux-city-law-firm/) - [Sioux Falls Law Firm](https://goosmannlaw.com/locations/sioux-falls-law-firm/) - [Omaha Law Firm](https://goosmannlaw.com/locations/omaha-law-firm/) - [Spirit Lake & Spencer Law Firms](https://goosmannlaw.com/locations/spirit-lake-and-spencer-law-firm/) - [Real Estate Closings Office](https://goosmannlaw.com/locations/real-estate-closing-office/) - [Submit a Testimonial](https://goosmannlaw.com/submit-a-testimonial/) - [Sign Up for Our Newsletter](https://goosmannlaw.com/sign-up-for-our-newsletter/) - [Pay Online](https://goosmannlaw.com/pay-online-3/) - [  (855) 843-4531](tel:855-843-4531) ![](https://blog.goosmannlaw.com/hubfs/Blog_Images/Lockbox%20Lawyer/close-button.png) [tel:855-THE-GLF1](tel:855-THE-GLF1) [Deal Maker](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/deal-maker) # [Why Communication is Key When Buying a Company](https://blog.goosmannlaw.com/deal-maker-on-your-side/why-communication-is-key-when-buying-a-company) By [Goosmann Law Team](https://blog.goosmannlaw.com/deal-maker-on-your-side/author/goosmann-law-team)   |  14, May 2015 [READ NOW](https://blog.goosmannlaw.com/deal-maker-on-your-side/why-communication-is-key-when-buying-a-company) [Read Post](https://blog.goosmannlaw.com/deal-maker-on-your-side/why-communication-is-key-when-buying-a-company#article) [![](https://blog.goosmannlaw.com/hs-fs/hubfs/Logos/Logo1.jpg?width=60&name=Logo1.jpg)](https://blog.goosmannlaw.com/deal-maker-on-your-side/author/goosmann-law-team) [Goosmann Law Team](https://blog.goosmannlaw.com/deal-maker-on-your-side/author/goosmann-law-team)  Tags: [Deal Maker](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/deal-maker) ![Why communication is key when buying a company](https://blog.goosmannlaw.com/hs-fs/hubfs/Blog_Images/24404808_m.jpg?width=648&name=24404808_m.jpg "Why communication is key when buying a company") Strong and consistent communication between key players of the Buyer and Seller is ideal to create an environment conducive to a business sale. Both buyer and seller have resources tied up to make the deal happen. So when miscommunication or lack of communication jeopardizes a deal, it can hurt both sides. Let me break down why communication is key when buying a company.  When negotiating the purchase of a company, keep communication on point by designating one person or team to coordinate and communicate. Otherwise you end up with Thanksgiving at my house: too many cooks in the kitchen, pandemonium, and an overcooked bird. Instead designate point people to keep the line of communication consistent. There are countless recipes to cook a turkey and you can get countless responses when you are cooking with too many people.  Identify and empower the folks who can orchestrate the sale. Their job will be to keep egos in check, coordinate financing requirements, apply for third party/governmental approval, and take steps to integrate the transition. Keeping communication open will give you something to be thankful for at the end of the sale. For more articles and topics like this, continue to follow the Deal Maker on Your Side blog or click below to [contact](http://goosmannlaw.com/contact/?__hstc=233546881.9f9bb9b991170fe8b8b511f6eec43637.1428701253760.1428701253760.1428701253760.1&__hssc=233546881.1.1428701253760&__hsfp=3687188491) the [Goosmann Law Firm](http://goosmannlaw.com/?__hstc=233546881.9f9bb9b991170fe8b8b511f6eec43637.1428701253760.1428701253760.1428701253760.1&__hssc=233546881.1.1428701253760&__hsfp=3687188491) with any questions or concerns. [![CONTACT US](https://no-cache.hubspot.com/cta/default/489404/ec70fe7d-ad02-40c5-93ba-4800375ab6e9.png)](https://cta-redirect.hubspot.com/cta/redirect/489404/ec70fe7d-ad02-40c5-93ba-4800375ab6e9) ### Select Different CTA for each Post from Blog Editor [![New Call-to-action](https://no-cache.hubspot.com/cta/default/489404/a8cefc17-3b9d-4de0-89cd-e60a64752422.png)](https://cta-redirect.hubspot.com/cta/redirect/489404/a8cefc17-3b9d-4de0-89cd-e60a64752422) ### Subscribe Our Blog Thanks for submission!! - Recent - Popular ### Posts by Topic - [Deal Maker (28)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/deal-maker) - [Business Law (5)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/business-law) - [Mergers and Aquisitions (5)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/mergers-and-aquisitions) - [Business Divorce (4)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/business-divorce) - [Buy-Sell (3)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/buy-sell) - [COVID-19 (3)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/covid-19) - [Business Planning (2)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/business-planning) - [Estate Planning (2)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/estate-planning) - [Fertility (2)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/fertility) - [Letter of Intent (2)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/letter-of-intent) - [Operating Agreements (2)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/operating-agreements) - [Trust Planning (2)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/trust-planning) - [business owner (2)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/business-owner) - [business prenup, (2)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/business-prenup) - [Adoption & Assisted Reproduction Law (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/adoption-assisted-reproduction-law) - [Business Service Division (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/business-service-division) - [Buying a Business (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/buying-a-business) - [Construction Contracts (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/construction-contracts) - [Construction Law (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/construction-law) - [Corporate Law (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/corporate-law) - [Dead End (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/dead-end) - [Deal Gone Bad (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/deal-gone-bad) - [Family Business (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/family-business) - [Fixed Rates vs. Costs Plus (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/fixed-rates-vs-costs-plus) - [Franchise (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/franchise) - [Joint Venture (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/joint-venture) - [Landlord (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/landlord) - [Medical Practices (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/medical-practices) - [Professional Corporation (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/professional-corporation) - [Real Estate (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/real-estate) - [Separate Legal Entity (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/separate-legal-entity) - [Small Business Owner (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/small-business-owner) - [Tenant (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/tenant) - [WOSB (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/wosb) - [business partnership (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/business-partnership) - [commercial real estate (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/commercial-real-estate) - [exit strategy (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/exit-strategy) - [hiring (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/hiring) - [small business (1)](https://blog.goosmannlaw.com/deal-maker-on-your-side/topic/small-business) DISCLAIMER: The information in this blog post (“post”) is provided for general informational purposes only, and may not reflect the current law in your jurisdiction. By visiting this website, blog, or post you understand that there is no attorney client relationship between you and the Goosmann Law Firm attorneys and website publisher. No information contained in this post should be construed as legal advice from Goosmann Law Firm, PLC, or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through, this Post without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer licensed in the recipient’s state, country or other appropriate licensing jurisdiction. #### Let Us Know What You Thought about this Post. Put your Comment Below. [Previous Post](https://blog.goosmannlaw.com/deal-maker-on-your-side/3-ways-to-keep-your-business-sale-from-flopping) ##### [3 Ways to Keep Your Business Sale from Flopping](https://blog.goosmannlaw.com/deal-maker-on-your-side/3-ways-to-keep-your-business-sale-from-flopping) [Next Post](https://blog.goosmannlaw.com/deal-maker-on-your-side/4-tips-when-buying-out-relatives-in-the-family-business) ##### [4 Tips When Buying Out Relatives in the Family Business](https://blog.goosmannlaw.com/deal-maker-on-your-side/4-tips-when-buying-out-relatives-in-the-family-business) ### Contact Info **Sioux City Location** P. 712-226-4000 F. (712) 224-4517 **Sioux Falls Location** P. (605) 371-2000 F. (605) 275-2039 **Omaha Location** P. (402) 280-7648 F. (402) 505-3967 --- [Disclaimer](http://goosmannlaw.com/list-all-blogs/disclaimer/) | [Privacy Policy](http://goosmannlaw.com/privacy-policy/) ### Locations **Sioux City Location** 410 5th Street Sioux City, IA 51101 **Sioux Falls Location** 5010 S. Minnesota Avenue, Suite 100 Sioux Falls, SD 57108 **Omaha Location** Advent Building 17838 Burke Street, Suite 250 Omaha, NE 68118 ![Goosmann](https://blog.goosmannlaw.com/hs-fs/hubfs/Blog_Images/Lockbox%20Lawyer/goosmann-white.png?width=250&name=goosmann-white.png "Goosmann") Goosmann Law Firm is a FULL SERVICE LAW FIRM with locations in Sioux City, Iowa, Sioux Falls, South Dakota, and Omaha, Nebraska. Goosmann Law attorneys are licensed to practice in Iowa, Nebraska, South Dakota, and North Dakota. Their attorney team's practices and industries include but are not limited to Agribusiness and Cooperatives, Banking and Finance, Bankruptcy, Restructuring and Workouts, Business, Construction, Cyber Law and Telecommunications, Divorce and Family Law, Education, Employment, Environmental Health and Safety, Gestational Surrogacy and Adoption, Health Care, Litigation and Trial Law, Manufacturing, Mergers and Acquisitions, Municipal, Nonprofit and Tax Exempt Organizations, Real Estate, and Transportation, Tribal, Wills, Trusts, Estate Planning, and Probate Law. Goosmann © Copyright 2017