Three Essential Steps to Business Succession Planning: Step 3

Nov 01 2021
men in meeting with city view

There are three essential steps to developing a business succession plan. Define your long-term personal and business goals. Develop a management plan for the business. Design an estate plan to transition ownership of the business. In this article, we look …

Posted in Business Succession Planning, Corporate, Legal Watch

Today’s Cybersecurity Threats: An Introduction

Jun 23 2021
green computer code on a black screen

The threat of a cybersecurity breach is real and rapidly becoming more common. The Harvard Business Review reports that payouts by the victims of cyberattacks increased by more than 300% in 2020. Developing best practices to prevent this growing threat …

Posted in Corporate, Legal Watch

Today’s Cybersecurity Threats: Not If, But When

Jun 23 2021
man wearing dark hood at computer

Determining best practices to prevent a cybersecurity breach from crippling your business should be on the top of your priority list. Foreign hacking collectives, acting independently in some cases and under the guidance of malicious state sponsorship in others, have …

Posted in Corporate, Legal Watch

Non-Control Capital Investment in M&A Transactions

Jun 08 2021
business man signing document

In today’s active M&A market, the availability of money and the limitations on investment opportunities have created a unique climate where non-control investment possibilities abound. Non-control capital provides a way for business owners to achieve their goals without ceding company …

Posted in Corporate, LLG News

Drafting a Letter of Intent: Do I Need Counsel?

Jun 07 2021
Man and woman in meeting reviewing document

There are real advantages to negotiating a well-crafted letter of intent with the assistance of experienced M&A lawyers. Those selling or buying businesses can best position themselves to close the deal by engaging counsel early in the process. Often, efforts …

Posted in Corporate, Legal Watch

SBA Requests Revisions to Restaurant Revitalization Fund Applications

May 28 2021
restaurant chairs stacked on tables in a closed storefront

Applicants for the Small Business Administration’s Restaurant Revitalization Fund grant money should quickly get their ducks in a row. The program closed to new applicants this past Monday, and the SBA is currently asking applicants for revision. Applicants nationwide, from …

Posted in Corporate, COVID-19 Updates

SBA Authorizes Restaurant Revitalization Fund

May 27 2021
woman looking out window of store with open sign

Registration begins Friday, April 30, 2021. This article was updated on May 28, 2021. Read about Revisions to SBA Restaurant Revitalization Fund Applications. The United States Small Business Administration (SBA) has announced $28.6 billion (yes, billion with a B) to …

Posted in Corporate, COVID-19 Updates, LLG News

New Financial Reporting Requirements Mean Businesses Must Act to Avoid Fines and Criminal Penalties 

Feb 10 2021
hands signing contract

Businesses may have been spared new registration requirements as President Trump vetoed the National Defense Authorization Act (NDAA) for Fiscal Year 2021, but recent House and Senate vetoes will now make those requirements a reality.  Changes To Beneficial Ownership Reporting The NDAA is a …

Posted in Corporate, Legal Watch

5 Things Small Businesses Should Know About COVID Relief

Feb 08 2021
tables and counter at restaurant

Financial Resources To Stay Afloat Businesses struggling to keep their doors open amid the ongoing public health crisis may not be aware of the financial resources available to them. Here are five things small businesses may not, but should, know about …

Posted in Corporate, COVID-19 Updates, Legal Watch

COVID-19 Deal Impacts

Dec 29 2020
person reviewing graphs

In light of COVID-19, buying and selling a business now looks a little different. While, earlier in 2020, we saw the number of deals plummet as mergers and acquisitions nearly ground to a halt, we have seen a resurgence of …

Posted in Corporate, COVID-19 Updates, Legal Watch