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...
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...
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.
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.
Under the CARES Act, the debt limit to qualify to be a debtor under the new small bankruptcy law has been increased to $7,500,000 for the next year, up from $2,725,625. The new law (known either as the “SBRA” or “Subchapter 5”) is a way for small businesses to go through reorganization in chapter 11...
Up until a week ago, most of you had never heard the phrase “force majeure.” However, I imagine that since then many of you have dusted off your contracts to see if yours contains that clause. What happens if the answer is no? Are you out of luck? Not necessarily. There is a doctrine called...