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A business entity, or business structure, whether they be limited liability companies, corporations, limited partnerships, etc., generally allows for dual protection. Formation under the proper entity can protect your personal assets from liabilities incurred by the business. And likewise, it can also protect the business from your personal actions or creditors.
Acquiring or selling a business can be a very exciting time, but the process can be complicated. Part of the consultation and representation value is to bring objectivity and clarity to an emotional time, which generally involves either making a living or establishing a retirement fund. Either scenario can be daunting, but we educate our clients on the potential options with their trusted team of advisors so that our clients can make the most prudent decision.
Properly vetting any acquisition or sale is vital. Additionally, any transaction must be properly structured in order to minimize any taxable events either by way of structured payment plans or by way of either an equity purchase or an asset purchase. The devil truly is in the details, and with thousands of transactions under our belt, our team at Handelin law has the experience to assist your next acquisition or sale.