Most business owners and many lawyers underestimate the nuances of how state and local laws can affect the purchase or sale of business. While many of the laws and legal boilerplate that you might see in a purchase transaction will be consistent across state lines, there are some critical ways in which they differ. Understanding … Read More
To the untrained eye, letters of intent may seem like the least important part of a business agreement. After all, they’re usually non-binding. And many people equate non-binding with inconsequential. But nothing could be further from the truth. In a deal where the parties sign a letter of intent, letters of intent are where nearly … Read More
When you’re under contract to buy a house, the last thing you’d skip would be the inspection. This is when you hire a professional to find out if the sewer is clogged, if the roof is leaky, if the floors are defective, and whether there’s carbon monoxide, radon, or mold in your hopeful home. It’s … Read More
If you’re reading this, there’s a good chance that congratulations are in order. Someone is very interested in what you’re doing. But best not to get too excited just yet. There’s a lot of work ahead before you get to your final destination. If you have a business that has been the main source of … Read More
As I play in the startup game longer, a few of my clients have progressed from where they’re not just starting their businesses, but rather selling them as well. It’s fun to see the whole cycle play out – but it’s created a unique set of challenges for them and for me. One of my … Read More