Representing Partners

3 Team-Building Techniques for Successful Negotiations
There can be special challenges in new ventures. A business venture often faces significant budgetary constraints in its start-up phase. Thus, prospective business partners commonly seek to manage legal expenses by retaining a single attorney. So, what’s the problem? After all, the partners are...

Are state or federal filings required for “simple” changes in business ownership?

I am often asked whether state or federal filings are required to effectuate a "simple" transfer of ownership in a privately held corporation or limited liability company (LLC) to a family member or affiliated corporate entity. The question often raises more issues than one...

Buying a Business—Asset Sale vs. Equity Sale

When considering the sale of a business, the legal structure of the sale is an important initial consideration. Two of the most common ways of structuring the sale of a privately owned company are: asset sales and equity sales. Determining the structure may be...

Preparing to Sell Your Business

If you were selling your car, you’d probably have it detailed or, at least, take it for a car wash. If you're considering selling your business, it is worth doing likewise. Even before offering the business for sale, there are a number of steps...

Letters of Intent… binding, non-binding, necessary?

I am asked, "Are letters of intent binding?" Well, I answer the question, but ask "Are they necessary for your deal?"  Here are a few thoughts on the subject... What is a Letter of Intent? Ideally, a letter of intent (LOI), a.k.a., a memorandum of understanding or...

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