Category: Blog
When Business and Real Estate are Intertwined in a Sale: Q&A with Susan McCall
When I’m working with a company that intends to sell its business and hasn’t yet entered into a letter of intent (LOI), one of the first things I ask them…
Notification of New Regulations in Effect Under the Corporate Transparency Act
This is going to be a little different than most of our blogs but it’s really critical, so bear with me. We sent this notification as a correspondence to current…
The Supreme Court, Ownership Transfers, and Key Person Insurance
I’ve helped dozens of closely held businesses figure out and ultimately document (either in an Operating Agreement or a Shareholders’ Agreement) the transfer of ownership shares or units upon the…
Part 2: Business Brokers—Yes or No?
This is the second part of a series on business brokers. Recently, I talked to a prospective client about their sale journey to date. They were working with a…
Part 1: Business Brokers—Yes or No?
I work well with business brokers (sometimes called intermediaries). Every couple of years, though, I run into someone who is—how can I say this… less than professional. Selling a business…
DOL Final Rule Raising Salary Thresholds for Exempt Employees Goes into Effect July 1st: Are You Ready?
One of the biggest questions of the summer is whether one of a number of lawsuits filed across the country will put a temporary stop to the U.S. Department of…
Business Optimization with Schooley Mitchell: Keep Your House in Order
I help a lot of people buy and sell businesses. Over the last few years, it’s been the biggest chunk of my work and the most rewarding. One very painful…
Negotiating Contracts: When to Compromise and When to Stand Your Ground
Every week, there is a contract—or six—that hits my desk for review. After I read it initially, I prefer to have a quick conversation with my clients to understand where…
My Business is Worth What????? Pros Weigh-In on Multiples
This is the second blog in a two-part series on right-sizing your price expectations when selling your business. Today, we are going to talk about multiples. Multiples are the times…
