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LAIRD · E-2 FIELD GUIDE

What should a Laird buyer budget beyond the purchase price of the plant?

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THE DIRECT ANSWER

Application fees are set out in the official schedules and are minor against the rest. The real budget covers valuation, accounting due diligence, American and Canadian legal drafting, a properly researched business plan, working capital for the first operating period, and the cost of restructuring terms that do not fit.

The diligence is not optional here; it is evidence

In an ordinary purchase a buyer might economise on formal valuation and rely on instinct and the vendor's word. That option is closed, because the same documents that protect her commercially are the ones that prove substantiality and non-marginality. An independent valuation, several years of filed statements, an environmental and equipment condition assessment, and a business plan researched rather than templated all become exhibits.

Add legal work on both sides of the border to fix the shareholding and the security on the vendor note. Add the working capital that the first winter will consume before pellet revenue arrives, which is itself part of the investment picture. Set against all of that, the government fees are a rounding error, and the schedule is the place to confirm them rather than any figure quoted in a conversation.