Legal
Terms of Service
Last updated: February 2026
Agreement to Terms
By accessing or using 2ndchairadvisory.com or any Exit Lab platform (collectively, "the Services"), you agree to be bound by these Terms of Service. If you do not agree to these terms, please do not use our Services.
Description of Services
Second Chair Advisory LLC provides business valuation tools and market intelligence through its Exit Lab platform. These tools generate estimated valuation ranges and exit readiness assessments for informational and educational purposes only.
Second Chair Advisory does not act as a broker, M&A advisor, investment advisor, or fiduciary. We do not broker deals, represent buyers or sellers, charge transaction fees, or provide formal business appraisals.
No Guarantees on Valuations
The valuation estimates provided by Exit Lab tools are for informational purposes only and do not constitute:
- A formal business appraisal
- An offer to purchase your business
- A guarantee of sale price
- Financial, legal, or tax advice
Actual transaction values may vary significantly based on market conditions, buyer interest, deal structure, and due diligence findings. We recommend consulting with qualified M&A advisors, attorneys, and accountants before making any decisions regarding the sale of your business.
Referral Network
When users of our tools choose to explore next steps, Second Chair Advisory may introduce them to qualified professionals from our partner network, including M&A advisors, private equity firms, search funds, business brokers, CPAs, attorneys, and business consultants.
These introductions are made with the user's consent. Second Chair Advisory is not responsible for the services, advice, or outcomes provided by any third-party professional in our network. Users should conduct their own due diligence before engaging any professional.
Not a Broker-Dealer
Second Chair Advisory LLC is not a registered broker-dealer. We operate under the M&A broker exemption provided by Exchange Act Section 15(b)(13). All M&A transactions are referred to and executed by licensed professionals.
Intellectual Property
All content, tools, methodologies, and materials on our websites are the property of Second Chair Advisory LLC. You may not reproduce, distribute, or create derivative works from our content without express written permission.
Limitation of Liability
Second Chair Advisory LLC shall not be liable for any direct, indirect, incidental, consequential, or punitive damages arising from your use of our Services, reliance on our valuation estimates, or interactions with professionals in our partner network. Our Services are provided "as is" without warranties of any kind.
Changes to These Terms
We reserve the right to modify these Terms of Service at any time. Changes will be effective immediately upon posting to this page. Your continued use of our Services after any changes constitutes acceptance of the updated terms.
Contact
If you have questions about these Terms of Service, please contact us at:
Second Chair Advisory LLC
Email: [email protected]
Phone: (248) 505-8022