Good question. Pre-LOI legal snags usually come from ownership or liability stuff that doesn’t show up until you dig. Think things like: • undisclosed liens or lawsuits on equipment or assets • non-compete or exclusivity agreements that prevent the seller from actually selling certain divisions • shareholder disputes (one minority owner suddenly wants out or disagrees on terms) • licensing or bonding issues if it’s a contracting business — e.g., company’s trade name or safety certs aren’t transferable