The idea of starting a new business on a 50-50 basis with a close friend or family member sounds exciting, because it involves sharing creative ideas, a mutual desire for success in a new venture and, at least initially, enthusiasm in starting a promising, new company. But hopefully, these potential partners consult with a trusted
The warm summer months are almost here, and many business owners will be spending some time relaxing away from the office. Before or after that well-deserved summer vacation, however, owners may want to tackle important issues concerning the company’s key agreements that have not kept pace with the growth of the business. Changes in these
Private company buyers and sellers are more frequently using earnout provisions to help close the gap when they disagree over the price to be paid for the purchase/sale of the company. This creative solution can lead to conflicts, however, when the purchaser later contends that the earnout target was not met and, therefore, that no