Legal Business Solution Blog

When Business and Real Estate are Intertwined in a Sale: Q&A with Susan McCall

November 19, 2024

When selling a business, it's crucial to separate the real estate from the business assets, set market-rate leases in advance, and work with specialized professionals to maximize value and avoid costly errors.

Notification of New Regulations in Effect Under the Corporate Transparency Act

September 25, 2024

Beneficial owners are individuals who either exercise substantial control over a company or own at least 25% of its shares, while new company applicants must also report to FinCEN if responsible for filing the company’s formation.

The Supreme Court, Ownership Transfers, and Key Person Insurance

August 27, 2024

This blog post discusses the implications of the U.S. Supreme Court's Connelly v. United States decision on business owners, particularly how it affects estate taxes and the need to revise Buy-Sell Agreements to protect against unexpected tax liabilities.

Part 2: Business Brokers—Yes or No?

July 23, 2024

When hiring a broker to sell your business, ensure the broker contract is thoroughly reviewed and negotiated to avoid unexpected high commissions and ensure clarity on services, exclusivity, fees, introducing your own buyer, the "tail" on commissions, and termination terms.

Part 1: Business Brokers—Yes or No?

July 11, 2024

To successfully sell your business, carefully select a professional broker with relevant experience, effective marketing strategies, and good communication, as this will save you financial and emotional stress; this blog offers essential tips on finding the right broker.

DOL Final Rule Raising Salary Thresholds for Exempt Employees Goes into Effect July 1st: Are You Ready?

June 19, 2024

The Department of Labor's final rule, effective July 1, 2024, will significantly raise salary thresholds for exempt employees, impacting over 3 million workers, with legal challenges pending that could delay its implementation.

Business Optimization with Schooley Mitchell: Keep Your House in Order

April 24, 2024

The blog post discusses the significant role of cost reduction consulting in preparing businesses for sale by optimizing expenses to enhance profit margins and sales value, highlighting the author's experiences and the benefits of such services.

Negotiating Contracts: When to Compromise and When to Stand Your Ground

April 10, 2024

This blog post provides guidance on contract negotiation, outlining essential elements to insist upon, such as intellectual property rights and indemnity, while suggesting areas where compromise, like choice of law/venue, may be feasible, emphasizing the importance of strategy, psychology, and common sense in contract negotiations.

My Business is Worth What????? Pros Weigh-In on Multiples

March 12, 2024

This blog post, the second in a series about right-sizing price expectations when selling a business, discusses the reality of EBITDA multiples in sales pricing, featuring insights from three experts, and advises business owners on preparing for sale and setting realistic expectations.

My Business is Worth What????? Pros Weigh-In on How to Manage Your Own Expectations When Selling Your Business

February 20, 2024

This blog post discusses the complexities of business valuation for sale, highlighting expert insights on the discrepancy between perceived and real market value and the emotional and practical factors influencing this gap.

Our Blog