Representations and warranties are more than just legal formalities in business mergers and acquisitions (M&A) and deserve careful attention when drafting and negotiating these terms. Representations and warranties are essentially statements made by each party (most importantly, Sellers) about the general state of affairs, including statements about the party’s financial […]
In the complex and fast-paced world of business mergers and acquisitions (M&A), the creation of a comprehensive closing checklist is crucial. The closing checklist serves as a deal roadmap, ensuring that all critical steps are taken, and no detail is overlooked. A well-prepared closing checklist can significantly streamline the closing […]
In the complex world of business acquisitions, Buyers face a myriad of risks and uncertainties. Buyers navigating these challenges must ensure that their investment is protected both during and after the transaction. We’ll evaluate five important deal protection strategies for Buyers to consider when acquiring a business. Strategy #1: Rollover […]
Employers who provide non-cash, work-related benefits to employees should consider the potential tax implications of “fringe benefits”. A “fringe benefit” is a form of pay provided to employees in addition to stated pay, such as lodging and meals, that will be taxable to an employee unless an exclusion applies. 26 […]
Discover essential asset protection strategies for safeguarding your lottery winnings. Explore tactics like trusts, LLCs, and written contracts to ensure financial security and shield your newfound wealth from potential risks and liabilities.
Expulsion in Operating or Shareholders’ Agreements requires clear procedures, triggers, decision-makers, fair repurchase prices, payment terms, and careful consideration of withholding circumstances to ensure fairness and productivity.
If you’re planning to sell your business, choosing between an asset sale and an equity sale can significantly impact your returns and transition to future endeavors. Read on to learn more about the key considerations when selling a business.
Operating agreements can provide members of a limited liability company (“LLC”) with the power to create their own governing rules and resolve disputes before they arise. As LLCs become the predominant form of legal entity, members need to consider the importance of an operating agreement to ensure the LLC and […]
What happens if the members or managers of a limited liability company (“LLC”) can’t agree on the operations of the business? What happens if a member fails to comply with terms of the operating agreement or engages in fraudulent conduct? Understanding the processes and procedures for resolving member or manager […]
Recent “name image and likeness” (“NIL”) legislation created a new market for goods and services that have never existed before in college athletics. College athletes now have unlimited potential to capitalize upon their NIL and develop their brands on their terms. Am understanding of the changes to state NIL law […]