Entrepreneurship is a journey filled with challenges, opportunities and pivotal decisions. In the dynamic world of business, there are certain transactions that every entrepreneur inevitably encounters. These transactions play a crucial role in shaping the trajectory...
Mergers and acquisitions often need purchase price adjustments
Mergers and acquisitions deals average about $67 million and are incredibly complex. In-house attorneys may have the experience to hammer out these deals, but often it involves a legal team to negotiate the agreement. Someone brought in to focus on these deals will...
Mergers and acquisitions come with risks
Mergers and acquisitions (M&A) deals offer many benefits, including more diversified business portfolios, increased business capacity, a larger market share, and access to new expertise and talent. Still, just as partners sometimes dissolve business partnerships,...
Effective credit applications make a difference
Credit applications are often the lifeblood of a business, enabling them to work with vendors, other companies and customers. These legal contracts outline the terms of payment and better ensure that credit is extended to the appropriate parties. Still, one that goes...
Should I add an arbitration clause to my business contracts?
Business professionals who are familiar with litigation know that going to court for a breach of contract or disagreement with an opposing party can be lengthy, costly and inefficient. Many contracts these days include an arbitration clause, which requires the parties...
Using outside legal counsel is good business
Large companies have a legal department, but businesses of every size need outside legal guidance to operate effectively. Legal representation, however, costs money, so it is always worth weighing the company's needs. There are a variety of benefits to using outside...
Start-ups should not rush to launch
Timing can be everything in the success of a new business. Many assume this means beating everyone to market, particularly in fast-paced environments like technology. However, the rush to meet a deadline can spell business problems or legal trouble further along the...
What are my options when the kids are not interested in the business?
Whether your business started with success or it took years to refine your brand, your company has been an essential part of providing for you and your family. As you began to build your success, you may have thought about your children being able to continue your...
Look for these red flags when negotiating a contract
Effective and enforceable contracts are one of a company’s most important tools. The right agreement can build a solid foundation for a fruitful working arrangement between a company and its vendors, employees and customers. Contracts that are not strategically and...
How can businesses fight the effects of inflation?
The U.S. economy roars back as the pandemic recedes further into the distance. But, just as businesses are once again back in the office and hitting their stride, they now feel the weight of inflation. The U.S. Chamber of Commerce's Q4 survey showed that 71% of small...