A corporate merger is when one company buys another in exchange for cash or stock. The target company ceases to exist as a separate entity, and the two companies become one merged business concern. In other words, there is a change in the management of the target company. A merger will begin when one company approaches the other about…
There are numerous situations that would require you to value a business, including: Selling a stake in your business to investors Executing a buy/sell agreement A merger and acquisition with another company Divorce litigation Buying out a partner Valuing a business is an uncertain science that requires precision. The valuation has real-life consequences, so it would need to be…
Startup businesses will always have legal issues that need to be addressed. When you are forming a business, not only must you form an infrastructure, but there are also other issues that may arise. Here are just some of the legal matters that a startup business would need to address: Choosing the form of incorporation and drafting the necessary…
Age is a protected class at work. Federal law prohibits discrimination at work against workers aged 40 or over on the basis of their age. Age discrimination can cover a broad range of actions. If you have been the victim of age discrimination, you may be able to file a legal claim against the employer. The prime examples of…
In a sole proprietorship, you are the business, and the business is you. The main drawback of this arrangement is that you could end up personally liable when something goes wrong with the business. Companies benefit from a corporate veil. If you have a limited liability corporation, the extent of your liability is the business assets. If you have…
Commercial leases can be very complex in nature. These are not the same as residential leases because of numerous additional legal considerations that apply. A commercial lease is an agreement between two parties who are deemed to be sophisticated. As a commercial lessor, you may not get the same treatment from the court as you would in another type…
There are several major differences between sole proprietorships and corporations that should make you consider incorporating your own business. You should incorporate your business at the first possible opportunity. An experienced attorney will review your business situation and advise you on whether you should incorporate and what corporate form you should choose. Then, they will assist you with the…
Every LLC will need an operating agreement at the time you start the business. The agreement will lay out how the LLC is run. Even if the law does not require you to have an operating agreement, it is in your best interests to draft one. You should try to take an off-the-rack operating agreement and try to use…
Whenever your company is doing a deal involving buying a company or part of it, you need to know exactly what you are getting. The last thing that you want is to spend a large amount of money on a purchase, only to find out that you will not get the full benefit of the bargain because things with…
Shareholders in a company have the legal right to be treated fairly. The rights and obligations of shareholders are set forth in a shareholder agreement. If this agreement is breached, shareholders may be able to sue the company for damages. There are many things that companies could theoretically do to dilute and harm the value of their shareholders’ investments….
