What is litigation? Many people have heard of litigation and have a basic understanding of it. Generally speaking, it is what happens when two parties disagree about something and make a legal case out of their grievances. Litigation is a way to describe the legal...
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 things, ensuring you have...
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 NDAs and ending with closing,...
“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. This video talks...
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 they retire. Alternatively,...
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 you desire. Succession...
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