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...
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....
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...
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.,...
SELLING A BUSINESS is a major decision. Business owners typically wrestle with this question when they ponder retirement or wish to pursue different business opportunities and interests. This article highlights the legal aspects and potential pitfalls of various stages...