What Does LOI Mean in Business? Letter of Intent Explained
In business, LOI means letter of intent: a document outlining the main terms of a deal before the final contract. See what it includes and whether it’s binding.
Contracts, company types and financial statements use terms that trip up even experienced professionals. This hub explains business and finance basics like cash flow, EBITDA, LLCs and master service agreements, with clear worked examples.
In business, LOI means letter of intent: a document outlining the main terms of a deal before the final contract. See what it includes and whether it’s binding.
A royalty is a payment to an owner for the right to use their property, like a brand, patent, book or song. See how royalties are calculated, types and tax basics.
Cash flow is the money moving into and out of a business. Learn the three types of cash flow, a simple example, free cash flow and why profit isn’t the same as cash.
EOS in business usually means the Entrepreneurial Operating System, a management framework for small and mid-sized companies built around vision, people, data, issues, process and traction.
M&A stands for mergers and acquisitions: deals where companies combine or one buys another. Learn the types of M&A, the deal process and what it means for employees.
SDE (seller’s discretionary earnings) shows how much cash a small business produces for one owner. Learn the formula, a worked example and SDE vs EBITDA.
Headcount is the number of people employed by a company or team. Learn how to calculate it, headcount vs FTE, and what “headcount” means in budgets.
PLLC stands for professional limited liability company, a business type for licensed professionals like doctors and lawyers. See how it differs from an LLC.
Capital in business is the money and assets used to start, run and grow a company. Learn the main types of capital, working capital with an example, and how businesses raise it.
LLC stands for limited liability company, a US business structure that protects owners’ personal assets and offers flexible taxes. See the pros, cons and how it’s taxed.