The most common post-sale dispute involves determining the working capital of the sold business. In planning for the sale, the parties should agree on what is a normal working capital amount, as well as the elements of working capital. Careful planning in the purchase agreements can greatly diminish a post-sale dispute. Planning for the saleRead More
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Originally published on BusinessLawToday.org by Michael Ellis Planning for the sale of a business must extend beyond the close of the actual transaction. Preparations must be made to simplify the resolution of disputes that could arise between buyers and sellers. Litigation in connection with the sale may occur over a variety of reasons, including breachesRead More
The sale of a business is often the largest and most important business decision an individual may encounter during the ownership of the enterprise. If the business has multiple owners, particularly family members, the process may become more stressful due to the various interests and conflicting positions that may arise. NON-COMPETE AGREEMENTS Many times thereRead More
By Robert W. Malone There are many aspects of preparing a company for sale, but none more important than properly dealing with the company’s employees. After all, for most businesses, their most valuable asset is their workforce. The first thing that a prospective seller should do is inventory and examine the company’s existingRead More
