Suing a defunct business that owes you money can be a challenge. However, a lawsuit may still be possible to commence a lawsuit against a business that no longer exists. While these matters are legally complex, having a knowledgeable business attorney is important to...
Business of Law
Legal Theory vs. Practice: Why it’s Important to Have an Experienced Business Attorney
Business law exists in two distinct worlds —theory and practice. While theory may be found in textbooks and legal principles, lectures, and ivory towers; practice is something that attorneys experience in the courtroom and through dealing with judges and clients and...
How to Sell Your Business, Part II: Understanding Due Diligence
Due diligence is a critical step toward closing the deal when buying or selling your business. This phase comes after the letter of intent has been provided — and before the purchase agreement is drafted or signed. Whether you’re buying or selling a business, it’s...
How to Sell Your Business, Part I: The Letter of Intent
Selling a business can be complex. A business sale involves considerable negotiation. After the buyer and seller have come to a basic agreement regarding the business sale, the buyer will typically send a letter of intent to purchase the company. This letter...
When Do You Not Need Privity in Contracts?
Privity is between the promisor and promise — the individuals who are the contracting parties. Some contracts draw in people other than the parties to the agreement. For example, a third-party beneficiary is not a contracting party, but can still receive a benefit...
Answering Corporate Transparency Act (CTA) FAQs with Joshua Brinen
https://vimeo.com/1067791052/03b370d938 What is the Corporate Transparency Act? The Corporate Transparency Act or the CTA is an act of Congress passed by the United States and administered a Financial Crimes Enforcement Network or FinCEN. The CTA is to enhance...