The acquisition of another company can help a thriving business perform even better. Business acquisitions give companies access to new resources, such as specific commercial facilities and intellectual property. They can also help the acquiring business establish a...
Business & Commercial Transactions
Preparing an adult child to take over the family business
Starting, maintaining or growing a family business can be a point of pride for an individual. The company they run helps them support their family. It may also contribute to the local community by offering important goods and services and providing people with...
The importance of strong business contracts and warranties
If you are a business owner in the bustling Philadelphia metro area, you probably know that every detail of your approach matters. Whether you’re running a cozy cafe in Cherry Hill or a thriving tech startup in Center City, the success of your business often hinges on...
Selling a business could result in major tax consequences
Business owners have to consider numerous different issues when planning to sell a company. Securing an appropriate valuation is only the beginning of the process. Negotiating to secure the best price possible, agreeing to provide appropriate transition support and a...
3 basic considerations for a smooth transition to new business leadership
If someone has started a successful business, they very likely want to see that company continue operating even after their death or retirement. The creation of a succession plan allows a business owner or executive an opportunity to pay the way for the next...
3 steps to decrease the conflict in a partnership buyout
Some business partnerships last for decades. Others start to struggle shortly after they begin. While people may have intended to run a company with their business partner for years or even decades, they may eventually need to propose buying out their partner or ask...
The benefits of mediation for solving business disputes
Disputes between business partners are inevitable. Each partner has their own point of view and their own way of doing things, which naturally leads to clashes between them. However, these disputes do not have to mean the end of the business relationship between the...
3 ways to make a company more appealing to potential buyers
Selling a business is a consequential transaction that can take numerous months to complete. It may involve intense negotiations regarding the price and the terms set and could end up falling through for many different reasons. Any entrepreneur or executive tasked...
Considerations when leaving the business to multiple children
Family business owners often hope to pass the business on to the next generation. If you simply have one child, this may be a relatively uncomplicated process. Once you know that they want to take over the business, you train them to do so and then help them...
3 reasons family businesses fail
It’s actually very uncommon for family businesses to have any type of sustained success. Generally, they don’t make it past the third generation. Many of them don’t even make it past the second generation. But if you’re a business owner and founder, and you’re looking...