As a business owner myself, I have been doing my own year-end business planning. My businesses have performed and progressed well in 2017, but I have by no means accomplished all of my objectives with any of my businesses so, while I work on improving their performance and accelerating their progress each and every day, I […]
The Importance of Letters of Intent and Term Sheets in Business Acquisitions
I recommend that letters of intent, and term sheets, that cover all of the major business points concerning the contemplated transaction, be sufficiently detailed. Why? Because unless there is a fundamental agreement regarding the important business points between or among the parties to the transaction, there is little to no legitimate reason to invest additional […]
Share this:
Workers Can Be “Intoxicated Persons” Too
For those of you who are purveyors of alcohol or who are counselling purveyors of alcohol, the Ohio Supreme Court recently clarified that a liquor establishment’s workers and independent contractors, if they are served alcohol by the establishment directly or indirectly, are covered by Ohio’s Dram Shop Act, R.C. 4399.18. In Johnson v. Montgomery, 2017-Ohio-7445, […]
Share this:
The Harder I Work, The Luckier I Get
I have had the opportunity to work for and with literally hundreds of business owners and managers over the course of my career in the private practice of business law. I can’t say for certain, as I have not collected the relevant data, but it occurs to me that many of the most successful of […]
Share this:
Due Diligence for Acquisition Prospects: Why? and How?
Over the past three decades, I have advised clients in literally hundreds of mergers and acquisitions. If there is one thing I have learned from this experience, it is that performing comprehensive due diligence regarding all acquisition prospects is extremely important. Why Perform Due Diligence? First and foremost, to avoid buying businesses that are […]
Share this:
When Conducting An Acquisition Search, Be Both Systematic and Opportunistic
It occurs to me that when you search for an acquisition opportunity, it is very important to be both thoughtful and systematic. Take whatever time you need to carefully study and to determine what kind of business you seek to acquire. After a great deal of thought, determine what type of business you seek to acquire […]
Share this:
An Example of How Having an Attorney Review a Simple Draft Agreement Can Be So…..Worthwhile
A longtime friend called for advice earlier this month, and our conversation reminded me how having an attorney review even a simple draft amended legal agreement can be so…. worthwhile. Legal review of draft agreements can be very cost-effective Business people are asked to sign agreements and legal documents on a regular basis. I am […]
Share this:
In Commercial Litigation, We Need To Be Aggressive
Earlier this month a former client and friend referred his neighbor to us. His neighbor had resigned from his position, but shortly thereafter been sued by his former employer for allegedly violating a non-competition agreement. The neighbor had originally hired an old-style law firm to defend him. However, the neighbor did not feel that firm was […]
Share this:
Business Buyers Can Take Advantage of the Very Imperfect Market For Private Businesses
We have assisted clients with their acquisition of ongoing businesses for several decades. We have, during that period, assisted with quite literally hundreds of business transactions, including well over 100 acquisitions. While some of our clients have been well-established businesses, we have helped individuals acquire dozens of ongoing businesses. As a general rule, our clients […]
Share this:
For a Commercial Litigation Claim, KISS (Keep It Simple Stupid!)
Recently I was approached by a former client and asked to handle a piece of commercial litigation for him in Guernsey County, Ohio. I declined to get involved in the commercial litigation claim, as it made far more economic sense for the former client to engage local counsel. It did not make financial sense to have me […]
Share this:
- 1
- 2
- 3
- 4
- Next Page »
