Bite-Sized Bits of Knowledge
Business Planning
Your Guide to Alternative Dispute Resolution
Recently we took a bit of a deep dive into litigation, covering the process in general and then taking an expanded look on why you probably want to avoid it in most instances. One of the ways you do that? By engaging in alternative dispute resolution. What exactly is...
The Reality of the Litigation Process (and Why to Avoid It)
Often, people come to us gung-ho about suing someone to make them pay for some wrong they have had to endure at the hands of the other party. Perhaps a business partnership went sour. Or they feel slighted in a will.This desire to jump straight to litigation is...
Capital Calls
Capital calls can be a critical part of business planning. It means that the management (managers or board of directors) may force shareholders to come up with additional capital. It also should address what happens if a shareholder cannot...
Tag Along and Drag Along Rights
Tag along and drag along rights are important. Tag along rights are rights in the hands of a minority owner of a company. It entitles the minority owner to "tag along" with a sale of interests that they are not otherwise apart of. In...
What Is Litigation? Basic Concepts and Why to Avoid It
Learn what is litigation from a knowledgeable Florida business attorney, as well as the reasons that you should try to avoid it.
Exit Planning Systems
We’ve now discussed exit planning at a high level and some important points like price, terms, legal, etc. This video discusses non-legal things to tighten up to maximize your purchase price as a seller. This would include, among other...
Exit Planning Deal Points
A lot goes into selling your business. Putting aside market conditions, the more prepared you are, the better price and terms you’ll get in a sale. This video outlines at a high level the deal process from beginning to end, starting with...
Exit Planning Overview
"You set the price, and I will set the terms" is the age-old saying when it comes to selling a business. The price is not paramount when it comes to exit planning. The terms are. Lots of things go into how how the price and terms are set....
Succession Part 2
Succession planning starts with goals. Common goals of business owners are that they want to retire. They may want to sell and then retire. They may want to have the next generation of management take over while they are alive and before...
Succession Part 1
Business owners often fumble the handoff of the biz to the right people, in the right way, at the right time. Getting things in order in advance can maximize the amount of the value of the business that goes to your family, if that’s what...
