TestOnce you have decided to purchase an existing business, whether the deal is structured as an asset transaction, a stock transaction, or a merger, it is imperative that you conduct “due diligence.” Due diligence is the process by which the buyer verifies that the business he is buying is consistent […]
On February 17, 2009, President Barack Obama signed into law the American Recovery and Reinvestment Act of 2009 (the Act). The Act includes a total of $787.2 billion in spending and tax cuts, including a number of provisions that significantly impact small businesses. These include the following: Extension of bonus […]
I am the sole proprietor of a business which provides services. If I were to leave the business, the business would undoubtedly die because it is entirely dependent on me. Does this mean that my business has no goodwill? How is “goodwill” determined? By way of preface, remember from my prior Ask the […]
The dissolution of a limited liability company (LLC) can be just as complicated and messy as a divorce. However, it does not need to be. A well drafted operating agreement when you first form the LLC can help avoid confusion and costly litigation. Generally, the terms of the operating agreement […]
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