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....
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.,...
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...
PURCHASING AN ON-GOING BUSINESS is an excellent opportunity for an entrepreneur seeking the financial and personal rewards of owning and operating a business. Buying vs. Starting a Business A chief advantage of purchasing a business (as opposed to starting one “from...
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...