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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...

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...

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...

Are contracts a valuable asset of the business you are buying or selling? If so, you need to make sure those contacts can be transferred...

This is my most exciting book news to date. The University of Illinois business school is using my book as a text in its Entrepreneurship...

One of the biggest challenges for an entrepreneur is finding the money to do a deal. I spoke to the Entrepreneurship Through Acquisition...

When you sign a contract, do you need to have an "original" - i.e., one contract with the original signatures of all the parties - for it...

Have you set up your company to qualify for a special status, such as a women-, veteran-, or minority-owned business? If so, do your...

Lawyers often draft contracts with attached exhibits to simplify the contract language by moving details out of the body of the contract...

I was working on my first deal as a young lawyer. I represented the buyer. The lawyer representing the seller drafted the purchase...

You're buying a business or real estate. Your purchase agreement says you're going to close on a particular date. You probably won't....