What is commercial due diligence? Commercial due diligence is the process of inspecting the business you are buying. It’s similar to buying a house —you do an inspection before purchasing the house. The objective of due diligence is to have a full understanding of the target company’s liabilities and strengths, in order to be aware …
An M&A lawyer is in charge of setting all the pieces of the merger or acquisition together. She in the middle of the conversation between both parties and their respective advisors. The M&A attorney is the one leading the transaction, as she is the point of contact that reunites the rest of the deal team …
Why is it important not to skip due diligence I get a lot of clients who have problems after they bought a business. Unfortunately, many of the problems were avoidable, but the biggest mistake we have seen by buyers — particularly when the buyer bought the business without an attorney — is skipping the due …
Why due diligence is important in an M&A transaction? Read More »
Many business professionals dream of owning a business, but they may not want to start from scratch. While entrepreneurialism is a common way to own a business, it can also be daunting and risky. Building a business from the ground up involves much more than just coming up with a product or service. A business …
What Are the 3 Stages of Purchasing a Business in Illinois? Read More »
Anyone who is starting a business will need to select a business entity or model with which they will follow. A corporation and limited liability company (LLC) are two different types of business entities that both offer their own benefits. Depending on how you would like ownership, taxation, and management to look for your business, you can …
What Is the Difference Between a Corporation and an LLC? Read More »
If you have a self-made, self-owned business, the connection that you have with your work is likely more than just business. Small business owners typically view their work as more than just a job. In many cases, it is their life’s passion and work all combined into one place. Building a business can be an exciting, …
Why LLCs Are a Great Option for Illinois Small Businesses Read More »