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...
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...
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.,...
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...