Business Law
Empowering businesses by expertly navigating their legal needs as they evolve.
Services
Start-Ups & Business Formations
The type of business entity you choose impacts your organization, taxes, personal liability, and your family
Mergers & Acquisitions
Mergers and acquisitions require expert legal advice to safeguard your interests and effectively navigate the process.
Business Exit Planning
A clear exit strategy for selling or transferring business ownership ensures a smooth transition and protects its value and legacy.
Phantom Stock, Executive Compensation & Incentive Plans
We help corporate executives negotiate employment compensation and stock , incentive with publicly traded and privately held companies.
Transactions, Contracts & Agreements
Our attorneys help prepare essential contracts and agreements to manage your business and minimize risks effectively.
Non-Profit Organizations & Charitable Giving
Charitable planning is vital in estate and business planning. We assist with the tax and business implications of non-profit or tax-exempt organizations.
Where are you in your business journey? Starting? Growing? or Planning an Exit?
Forming Your Business FAQ’s
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LOI (Letters of Intent) generally include non-binding provisions for the proposed structure of the purchase or sale, the due diligence that will be conducted, the representations and warranties (reps & warranties). It also includes binding provisions such as confidentiality and non solicitation agreements as well as an exclusivity period.
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Retention bonuses protect the Seller, Key Employees and Buyer. The Seller - by keeping key employees incentivized to help the company achieve agreed upon targets after the sale. Sellers may have additional payouts that are “earned” (earnout) after the sale. The Key employee - by providing job security and incentives. The Buyer - by keeping the intellectual capital (key employee knowledge) with the company for a while after sale.
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A family holding company is an LLC (limited partnership): Instead of transferring an asset directly into the hands of the next generation, this combines family-owned assets into a family holding company and use it as a centralized way of managing the family’s wealth. This ensures assets can be controlled by you, but shifted out of your estate and to your future generations or trusts for their benefit.
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A Management Succession Plan (MSP) is a vital component of your Business Success(ion)™ plan (Business Exit Strategy). A Management Succession Plan (MSP) determines who will run your business if you face an unexpected exit, either by death or incapacity.
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Passing on your business to the next generation by creating management (how your business will be managed if you are gone) and business succession plans (how your business will be owned) will help you get the most value for your business and hopefully, avoid hurting family and business partners.Item description
Managing the Daily Operations of a Business
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What type of entity should you create - General Partners (GP), Limited Partnerships (LP), Limited Liability Partnership (LLP) or Limited Liability Limited Partnership (LLLP). Avoid general partnerships which expose personal assets to business liabilities.
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For anybody starting a business, the choice of entity is a crucial initial decision. A sole proprietorship is perhaps the most straightforward and least complex business entity, and it’s important to understand what a sole proprietorship is and why it may or may not be an appropriate choice for your new venture.
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Non-compete agreements are legal contracts that restrict employees from working for competitors or starting competing businesses after leaving a job. These agreements protect employers. FTC's ban has been placed on hold and still on hold as of 4/22/25
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Choosing a limited liability company (LLC) structure offers business owners key advantages, including personal asset protection, potential tax benefits, and operational flexibility. This guide explains how forming an LLC can shield owners from company liabilities, optimize tax outcomes, and streamline business management.
Business Exit Planning FAQ’s
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WHO can sign contracts for your company? Who can legally bind a corporation? Who is not allowed to sign a contract? Who can sign a vendor contract? The answer depends on how your business is formed and the founding documents your company has in place.
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Learn how SCINs work for family business transfers and estate planning, their tax benefits, and when to use them. Optimize your wealth transfer strategy with expert insights on Self-Cancelling Installment Notes.
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A board of advisors (BoA) usually is formed by informal action and don’t have the fiduciary duties or potential liabilities inherent in a board of directors. A CEO can handpick who serves, and no shareholder or board of directors’ approval is required. The Board of Directors are governed by contract with the business.
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A value gap is the difference between what a seller thinks his/her business is worth and what the actual fair market value of the business. To increase the value of your business build a strong management team, loyal and diverse customer base, competitive advantage, and a scaleable and efficient operation.
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