By Eric Thiergood | Published January 23, 2019 | Posted in Business Law, Uncategorized | Leave a comment
Since the founding of the Strong Firm P.C. in 2004, we have prided ourselves on not only providing excellent legal services, but also playing a large role in our community. Every year I have the opportunity to speak to area students from first grade through college grad students on legal-related topics. Though the complexity varies Read More
Read MorePreventive maintenance for your entity from a legal perspective “An ounce of prevention is worth a pound of cure.” ‘De Legibus’ (c. 1240) by English Jurist Henry De Bracton Potential Client: “I have owned a limited liability company for several years. I haven’t had any issues, but someone is interested in investing in Read More
Read MoreWhen handling it yourself is not a good idea from a legal perspective “It’s unwise to pay too much, but it’s worse to pay too little. When you pay too much, you lose a little money — that is all. When you pay too little, you sometimes lose everything…” Common Law of Business Balance Read More
Read MoreThe Market Approach of Valuing a Business for Sale In Part 4d of our series “The Components of a Business Purchase and Sale from the Buyer’s and Seller’s Perspective” we will examine the “Market Valuation” approach as the third and final valuation method for buying a business. The two other valuation methods, the income valuation Read More
Read MoreClient: “I’m buying a foreclosure property.” Attorney: “OK, when is the sale?” Client: “Tomorrow” Attorney: “Have you completed any due diligence on the property?” Client: “Well…I drove past the property a couple of times.” Attorney: [after a long pause] “I am going to take that as a no.” What is a “foreclosure Read More
Read MorePart 4c – The Income Approach of Valuing a Business for Sale In Part 4c of our series “The Components of a Business Purchase and Sale from the Buyer’s and Seller’s Perspective” we will look at the “Income Valuation” approach as the second of three valuation methods for buying a business to be reviewed in Read More
Read MoreIf You Kill Superman, Clark Kent Dies Too… Understanding the danger of an alter ego from a legal perspective. A conversation that happens far too often with new clients looking for legal help for their new business: Client: “I’ve started a new business and I’d like to have a lawyer handle the legal parts of Read More
Read MorePart 4b – The Asset Valuation Approach of Valuing a Business for Sale In Part 4b of our series “The Components of a Business Purchase and Sale from the Buyer’s and Seller’s Perspective” we will look at the Asset Valuation approach as the first of three valuation methods for buying a business to be reviewed Read More
Read MoreIn Part 4 of our series “The Components of a Business Purchase and Sale from the buyer’s and seller’s perspective” we will discuss the various ways of reaching an agreeable price for the purchase and sale of a business. As used throughout this series, the old adage “What’s good for the goose, is good for Read More
Read MoreIn Part 3b of our series “The Components of a Business Purchase and Sale from the buyer’s and seller’s perspective” we will discuss both disadvantages and advantages of a stock sale from the buyer’s perspective. As previously discussed, in a stock sale or a membership interest sale (in this article both called a “stock sale”), Read More
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