Learn essential strategies to identify and manage legal risks in mergers and acquisitions. Expert guidance on due diligence, documentation, and deal protection.
Leveraging Legal Counsel to Drive Strategic Decision-Making in the C-Suite
March 4, 2025by Robert M. Bovarnick
As today’s business landscape continues to evolve, corporate leaders must continually navigate many legal and regulatory challenges when making key business decisions. This is why strategic decision-making in the C-suite requires an integrated approach with legal counsel. At Borvanick & Associates, we recognize the growing importance of incorporating legal strategy into executive decision-making to mitigate...
Mergers and Acquisitions 101: What you need to know before the sale
May 17, 2024by Robert M. Bovarnick
Acquisitions and Mergers can be a daunting experience, unless you have the right lawyer on your side. Having good legal representation makes a very large difference in how well the transactions go. A lawyer that is well versed in acquisitions and mergers will make the process much smoother. Here is a 101 guide to mergers and...
Understanding Business Contracts: Key Clauses Every Entrepreneur Should Know
April 23, 2024by Robert M. Bovarnick
Every business should have contracts to protect themselves and their clients. It is an essential part of owning and maintaining a business. Contracts can contain many different types of clauses, but there are a few that are widely used across the board. Typically, commercial contracts tend to use a certain set or terms and conditions. ...
Starting your own business, no matter the industry, comes with a long list of questions. Some of those questions you will be able to figure out on your own. After all, you chose to begin this business, so chances are you have some experience or interest in its facets, rules, and practices. However, some of...
When does my small business need a lawyer?
September 22, 2022by Robert M. Bovarnick
Getting into business on your own can be a turbulent process. Every industry and business type is going to have different requirements and permits. While there are tons of legal self-help services and resources out there to get you through the process of forming a company and ensure all the right paperwork is filed, are...
These are unprecedented times. While virtually nothing is certain, one thing that most people agree on is that there will be a wave of bankruptcies. What should you do if a company you deal with files? Here are a few things to know.
AVOIDING (BUT PLANNING FOR) BANKRUPTCY 101 IN THE AGE OF COVID-19
July 28, 2020by Robert M. Bovarnick
No small business wants to file for bankruptcy. Even though a chapter 11 filing allows for reorganization, not having to file is the preferred course. What about in the age of Covid-19? While the current state of affairs, as well as the new Small Business Reorganization Act, makes a chapter 11 a better option, good planning may be able to keep your company from having to file.
Since the nationwide shutdown, many people have been waiting for an avalanche of bankruptcy filings under Chapter 11. As of the writing of this article, there have only been a few notable filings, such as the XFL, Frontier Communications and True Religion. While there has been a lot of anticipation about filings by large retailers, such as Neiman Marcus, Lord & Taylor and JC Penny, none have filed.
We all find ourselves in a similar place with our businesses. Best case scenario is your business is able to continue operating relatively normally (while you are home). More likely is you are able to operate, but at a reduced level. There is also a possibility that you have stopped operating. What should you be doing at this time? Here are some thoughts.