Blogs

Business and Financial Services

Financial and Tax Implications in a Business Divorce

In the complex landscape of business divorces, understanding the financial and tax implications is crucial. These considerations can significantly impact both the immediate settlement and the long-term financial health of the involved parties. This blog, the fourth in our eight-part series, delves into the essential financial and tax aspects of a business divorce. From accurately…

July 23, 2024

Business and Financial Services

Some Things a Non-profit Should Never Do

Lawyers are quite good at putting the fear of God into their clients and friends. This tendency has even been reduced to the catchy term of laying out the “Parade of the Horribles.” In reality, for non-profits, there are some things you absolutely, positively should never do … and unfortunately, I know many of these…

July 12, 2024

Business and Financial Services

Raising Money; Paying Finder’s Fees to Unregistered Broker-Dealers Can Be Risky

We’re occasionally asked if it’s a good idea for issuers to pay unregistered “finders” fees in exchange for connecting potential investors in conjunction with private securities offerings. “No,” is the short answer. The majority of finders are hired by issuers under finder’s, advisory, or other agreements that often involve payment of “success fees” when a…

July 11, 2024

Business and Financial Services

Negotiating the Exit in a Business Divorce

Negotiating an exit in a business divorce can be one of the most critical phases of the entire process. Somewhat like a conventional divorce, business divorces involve complex financial, operational, and personal considerations that can significantly impact the future of all parties involved. This blog, the third in our eight-part series, focuses on the “Dos”…

July 2, 2024

Business and Financial Services

The FTC’s New Rule on Non-Compete Agreements and Its Potential Impact on M&A Deals

The Federal Trade Commission (FTC) has recently issued a groundbreaking rule aimed at banning non-compete agreements and clauses in the United States. The rule is designed to enhance competition and innovation by facilitating greater mobility in the workforce. The new rule may have a substantial impact on employment-related agreements but contains a carve out for…

June 24, 2024

Business and Financial Services

Initial Considerations and Steps in a Business Divorce

This is the second part in a series on “What You Need to Know about a Business Divorce.” To read Part One, click here. In the intricate realm of business partnerships, the dissolution of a professional relationship—commonly known as a business divorce—can be a complex and challenging process. Navigating this terrain requires careful planning, informed decision-making,…

June 17, 2024

Business and Financial Services

Introduction to Business Divorce

This is the first part in a series on “What You Need to Know about a Business Divorce.” In the dynamic world of business, partnerships and joint ventures can sometimes reach an impasse, leading to what is known as a “business divorce.” This term refers to the legal separation of business partners or co-owners who…

June 10, 2024

Business and Financial Services

A Comprehensive Guide to Understanding Subpoenas

Navigating the complexities of a legal dispute often involves understanding various legal tools, one of which is the subpoena. This comprehensive guide explains what a subpoena is, its implications, and how to effectively respond to ensure compliance while protecting your legal interests. What is a Subpoena? A subpoena is a formal request for documents, records,…

June 5, 2024

Business and Financial Services

Top 5 Reasons Your Business Needs a Robust AI Policy Now

In today’s dynamic digital environment, artificial intelligence (AI) is transforming industries at an unprecedented pace. For businesses and law firms, harnessing the power of AI can offer significant benefits but also creates risk. Implementing a generative AI policy can help mitigate that risk. Here are the top 5 reasons why implementing a comprehensive AI policy…

May 27, 2024

Business and Financial Services

I’ve Been Sued. Now What?

Receiving notice that you or your business have been sued can be a daunting experience. It’s natural to feel overwhelmed, angry, or scared, but it’s crucial to approach the situation methodically and with a clear mind. This blog will guide you through the essential steps to take when after being served with a lawsuit, helping…

May 24, 2024