Articles: from Forming Your Business to Your Exit Strategy
Preparing For The Sale Of Your Company
So, it’s time to sell the company. Selling a business is a job in itself, and preparation is crucial. Completing any form of merger or acquisition transaction is like running a marathon. If “the unexpected” delays the event, you can always resume your training,...
The First Step In A Business Sale: The Letter Of Intent
Buying or selling a business, raising capital or investing in a start-up, or negotiating a make-or-break contract are all situations where participants often draft a letter of intent prior to a formal contract. Drafting a letter of intent, or “LOI,” is a prudent step,...
Avoid Pain, Plan Ahead For The Break-Up Of Your Business
Partners who work together in perfect harmony for decades will eventually cease to be partners. Unless they die together, shareholders of a corporation, members of an LLC, limited or general partners, or co-owners of any other form of business entity, business...
Start Planning For The Sale Of Your Business On Day One
With the retirement of Baby Boomers who own approximately 12 million American small businesses, the next decade is projected to generate a tidal wave of business sales. These business owners should have already started planning the sale of their businesses years ago....
Essential Players You Need to Help Structure Your Startup
In my 17 years of experience in law, I always find that it’s the entrepreneurs and businesses who can least afford legal services who dearly need counsel. All individuals deserve the limited liability protection of a “business entity” (e.g., a corporation) when they...
Why Phantom Stock Can Be Better Than Real Stock
Entrepreneurs often share ownership with key members of management to give others a stake in the company’s success, retain them and add to their compensation without adding to payroll. Members of management take pride in ownership, strive to build the value of the...