November 22, 2021
For the past six or seven weeks, we’ve been discussing the question, “Should you sell your business?” This is such an interesting time to be a business owner because Covid has created a massive cash surplus for so many businesses. The abundance of cash has created greater business valuations. As a result, so many of you are being approached about selling your business. But how do you know if it’s the right time to sell? That’s the question I’m going to answer with today’s entry.
November 15, 2021
Selling your business is a big deal. There are so many things you have to do to prepare it for a transfer that it can easily become overwhelming. Beyond simply finding a buyer and making a transaction, there are several contracts and agreements that need to be drawn up. Additionally, you must determine the type of sale, what will be included in the sale, and what your role will be once the sale has taken place. To help gain a better understanding of the legalities of selling a business, I sat down with Mital Patel, founder and managing partner of TriAmicus Law, PLLC. As with all entries in this series, I really encourage you to listen to the podcast to get the full extent of our discussion.
November 8, 2021
There really is no substitute for experience and that’s been the focus of this series. We’re taking time to speak with experts who are actively involved in the business sales process. I recently had the pleasure of speaking with Dr. Grace Yum, a business owner who has just gone through the sale process. In this interview, Dr. Yum shares valuable insights gained from selling her business independently. Therefore, I really encourage you to listen to the full podcast so you’ll hear all she has to say. But until then, you can follow along as I review what selling your business independently is really like.
November 1, 2021
Recently, I’ve been taking a new approach to teaching some of the subject matter that I’ve discussed in the past. Although some of the concepts may be familiar, we’re looking at them through real-world application by interviewing some of the experts in each respective field. Each of the interviews in this series deals with a different aspect of your business’s legal department, specifically, as it pertains to your exit. Due to the detail and length of the discussion, today’s article serves as a review. If you’re just joining this series, I encourage you to follow along with the podcast. That’s where you will find my full interview about investment banking and business transition with James Pugh.
April 18, 2019
We all know you and your business must have protection through insurance. What happens if you can’t operate your business due to circumstances beyond your control? Are you ready if you or your business is sued (as discussed in our previous article)? You must have the right business insurance policies in place. You need to work with an insurance agent to be sure you not only have the common policies, but there are several other insurance policies business owners don’t know they need.
April 16, 2019
The word ‘lawsuit’ can make the mightiest of business owners, shrink to the fetal position in a dark corner. Whether you are being sued for breach of contract, wrongful termination, discrimination, malpractice, harassment, misappropriation of funds, or any other reason, lawsuits can wreak havoc on your business. Therefore, let me walk you through ways you can mitigate your lawsuit risks.