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Explore legal issues of a business breakup caused by a deadlock among owners

Federal law requires employers to notify workers that their non-competes are no longer enforceable

On April 23, 2024, the Federal Trade Commission ("FTC") banned non-competes for most workers. The FTC's new rule prohibits...

I love representing sellers of small businesses. The first transaction I led as a young lawyer was the sale of an egg farm for about $10...

When you buy or sell a small business, your letter of intent and purchase agreement will typically establish a closing date - a specific...

Buyers and sellers of small businesses often ask me what I will do for them if they engage me to represent them in the transaction. I...

Sellers often ask if they can get their costs and expenses (e.g., accountant's fees, attorney's fees, etc.) paid or reimbursed if the...

Yes and no. Some provisions in a letter of intent should be binding, while others should not, and the letter of intent should clearly...

If you are selling a small business, the buyer might ask you to take a promissory note from it for part of the purchase price. This is...

Clients often ask me to draft "ironclad" or "bulletproof" contracts or contracts "without any loopholes." They want to make sure the...

Most of the deals I close use a Letter of Intent (LOI). Technically, the law does not require you to use an LOI, but here are some things...

When I was a younger lawyer, the partner I worked for assigned me to be the lead lawyer on my first M&A deal. We were representing the...

You might think that the lower the purchase price of a business or real estate, the lower the legal fees. In other words, you might...

You might be asked to sign a confidentiality or non-disclosure agreement if you are exploring the purchase or sale of a business, a joint...

You may hear and see a lot of trendy advice about creating your LLC or corporation in a state where your business is not located, like...

I serve as a Registered Agent for many Virginia limited liability companies and corporations. I'm often asked the following questions...

Last week, Domenic Rinaldi interviewed me about my book, Here's the Deal: Everything You Wish a Lawyer Would Tell You About Buying a...

Deals have lots of moving parts, no matter the size of the business or the size of the deal. Lots of issues move simultaneously. Losing...

If your LLC or corporation has two or more owners, you can get stuck (deadlocked) on making a decision or taking action if no one has...

I get it. You probably have a degree or two. You've probably looked at a lot of contracts in your career. You probably write well. It's...