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Key Provisions to Focus On When Selling Your Business

February 23, 2016 by Lonnie_Finkel

Key provisions when selling your businessIf you are interested in selling your business, you should be aware of some of the key provisions that typically appear in the deal documentation. Customarily, these clauses are expected by the buyers to support an agreement on price, timing and deal structure (i.e., merger, stock purchase or asset acquisition). While the specific details contained in such an agreement …Read more

Filed Under: Agreements, Mergers & Acquisitions Tagged With: agreements, family business, selling your business

The Value of Keeping Corporate Minutes

December 10, 2015 by Lonnie_Finkel

Corporate Minutes ImageMany corporate clients ask why they should spend the time and money to maintain corporate minutes. This is especially common in small or family-run operations. Other corporate clients don’t even bother asking the question, they just don’t do it. When I am asked why they should go through the time and expense of preparing minutes …Read more

Filed Under: Corporate Law Tagged With: compliance, family business, irs, personal liability, shareholders

Succession Planning for Your California Family Business

August 19, 2015 by Lonnie_Finkel

First and second-generation family business owners spend an inordinate amount of time focused on building and preserving their family legacy. This is an enormous amount of work. For starters, it means not only growing the business and making it successful, but also positioning it for the unique and frequently delicate type of transition that takes …Read more

Filed Under: Succession Planning Tagged With: family business, succession planning

   

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