Navigating the Sale or Succession of a Family Business
When it comes to passing on or selling a family business, the process can be emotionally and financially complex. But whether you’re planning to keep the business in the family or hand it off to an external buyer, careful planning is crucial. Below are some considerations for family-owned businesses when preparing for succession or a sale to keep the process running as smoothly as possible....Read More
Creative Strategies for Closing the Price Gap in Business Transactions
When buying or selling a business, the question of price is often the most contentious point. Sellers typically aim for all-cash transactions, hoping to receive the full value upfront. However, in middle-market business deals, it’s common for partial seller financing to be a necessary element. Interestingly, sellers who insist on an all-cash offer may end up with a lower price than they...Read More
The Essential Guide to Creating a Partnership Agreement
When starting a business with a partner, whether it’s a friend, family member, or colleague, people often find that it’s tempting to skip formalizing things with a written agreement because there is a level of trust already in place. However, even the best relationships can face challenges when money and business decisions come into play. A partnership agreement is a critical document that...Read More
Key Considerations for a Successful M&A Transaction
When it comes to mergers and acquisitions (M&A), there are several common misconceptions that can impact the success of a deal. These misunderstandings often stem from oversimplified assumptions about the process. However, navigating the complexities of a deal requires careful attention to detail. Below are five important considerations to keep in mind during a mergers and acquisitions...Read More
