In 1970, when Congress passed the Racketeer Influenced and Corrupt Organizations Act (RICO), most Americans were familiar with the famous movie mobster Rico Bandello from the film Little Caesar, one of the first “talkies” ever made. The Act was cleverly named after the mobster and was initially used to weaken the Gambino crime family. In […]
Businesses risk a great deal when they share their trade secrets with employees or other individuals and entities—like franchises, business partners, or potential buyers. These trade secrets can be the lifeblood of a company. What happens if one of those individuals or entities walks away with a client list, a secret recipe, or a cutting-edge […]
A privacy policy outlines exactly what types of information your business is gathering from website visitors, how you plan to use the information, and how you’ll keep it private. This has become increasingly important in recent years for several reasons. First, your privacy policy helps your business build trust with customers and is a legal […]
If you’ve been doing business long enough, contracts may start to feel routine and mundane. They may be just another part of going through the motions and checking off the boxes on your day-to-day business task list. However, treating them as such can lead to some serious pitfalls that come back to haunt you and […]
If you own your business, you’re probably used to doing many projects by yourself. While this can save time and money, not everything should be a DIY endeavor, including contracts. The success and well-being of your company depend upon the strength of its contracts. Since contracts can be very complex and must take into account […]
The prospect of purchasing a business is an exciting one, filled with many potential opportunities. However, it’s crucial not to get so caught up in the excitement and possibilities that you gloss over asking the right questions you need to make the best decision. Everyone should be asking for the financials including the company’s, and […]
Business sales don’t just happen overnight. They typically require months of planning and preparation. Even if you don’t have to negotiate a price, the logistics of selling an organization can sometimes be quite burdensome and time-consuming. Having your deal fall apart right before closing is devastating, to say the very least. Months of hard work […]
Mergers and acquisitions are among the most complicated endeavors your business may be involved in. There are many reasons for this, including that you must determine the right deal structure and purchase agreement terms. The right structure and terms for your company will depend on your goals, how your company is structured, and how you want to manage […]
Mergers and acquisitions are a complex area of business and business law. As such, due diligence is of utmost importance in these transactions. Inadvertent or simple mistakes, issues, or miscommunications during the M&A process could make the entire sale go bad. You can help avoid this in your company’s M&A by preparing for due diligence and enlisting the […]
Maybe you are thinking about selling your company but aren’t ready to list it just yet. It’s crucial to note that you can significantly increase its value and the market demand in your industry by looking at it strategically. Closing and selling a business should be a planned event whenever possible. Ideally, it would help if you could start planning the sale of your business about five years out. Planning gives you a leadership role, […]
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