Stay Informed with the Anthony Law Blog
Common Representations and Warranties in Business Purchase Agreements
Whether you are buying or selling a business, it is essential to understand how representations and warranties impact the purchase agreement that governs the transaction. The purchase agreement will include both buyer and seller representations and warranties, which are statements and promises the buyers and sellers make regarding the business being sold and their authority to sell it.
Essential Considerations When Buying a Business
Acquiring a business can be an exhilarating and promising endeavor. However, the path to success always has its challenges, especially when it comes to buying an existing business. Whether you're a hopeful entrepreneur or an experienced business person looking to expand your portfolio, purchasing a business requires careful consideration and strategic planning.
Things You Should Keep in Mind When Selling a Business
Selling a business is a significant decision that comes with its own set of difficulties and considerations. No matter if you're a seasoned entrepreneur looking to move on to new ventures or a small business owner ready to retire, it's crucial to approach the selling process with careful planning and preparation. From understanding your business's value to finding the right buyer and negotiating a fair deal, there are several key factors to keep in mind when selling a business.
Significant Changes on the Horizon for Ohio LLCs
Senate Bill 276 restates the Ohio Limited Liability Company Act and establishes the Ohio Revised Limited Liability Company Act (ORLLCA). This new law will be fully effective on January 1, 2022. Read on for the most important updates that the ORLLCA will bring.
B-Coming a B-Corp: The Background, the Benefits, and How to Become One By Obtaining a Certification of "Social and Environmental Performance”
A B-Corp is a corporation that harnesses the power of businesses to address social and environmental problems. B-Corps are driven by their mission to build a more inclusive and sustainable economy for consumers and the people involved in their businesses. Read about the process and benefits here.
Considerations When Buying a Business in 2021
With interest rates at an all-time low and the pandemic presenting investment opportunities that did not exist before masks became part of our daily wardrobes, you may be thinking about buying a business. But like all things, be careful before diving in headfirst.
How To Negotiate a Commercial Lease During COVID-19
While small businesses are fighting to survive, some landlords are also struggling. Empty spaces and tenants requesting lease abatements while maintaining mortgage, tax, maintenance, and salary obligations is proving tough for some landlords. This has created a tenant opportunity in some spaces for lower rates and better terms as landlords come to understand the pandemic commercial real estate market.
What Happens to My Business if I Die?
In an LLC, the operating agreement typically dictates what happens to a member’s interests when he or she dies or becomes incapable of serving in their current role. If an operating agreement is silent, state law will govern what happens. In some states, a LLC must dissolve upon the death or resignation of a member. In others, including Ohio, the executor of the deceased member’s estate has the power to determine what happens to the business interests. In order to avoid any unforeseen consequences, it is important to make sure that all potential consequences are considered, and that the member’s intentions are clear.
