In high-stakes business transactions, one document establishes the foundation for every negotiation that follows: the letter of intent (LOI). Drafting it with precision is not optional. A well-crafted LOI safeguards your interests and sets clear expectations for all...
Where Business And Law Come Together
Business Transactions
4 ways new owners can inherit business debt in a Minnesota sale
You found the perfect business to buy. The financials look solid. The location is ideal. Everything seems ready for your success. Then you discover that you now owe thousands of dollars in debts you never knew existed. Sometimes buying an already operational business...
How can businesses choose between Chapter 7 and 11?
Running a business in Minnesota sometimes means deciding whether to close or try to rebuild. Chapter 7 and Chapter 11 offer very different paths, so understanding how each works can help you make a more informed choice. The best option often depends on your goals, the...
Is IP due diligence necessary in business acquisitions?
Business acquisition is a multi-step process that involves agreements between a buyer and a target company. When you are the buyer, assessing intellectual property (IP) is one of the steps that you should not miss. Otherwise, you may face certain legal and financial...
Why politics matter when it comes to mergers and acquisitions
Mergers and acquisitions (M&A) are complex business transactions that involve more than just financial negotiations and corporate strategies. Political considerations often play a consequential role in determining whether a deal moves forward smoothly or faces...
What do sellers have to disclose in a business sale?
Selling a business can be a very complex process. It can take months for a business owner to find the right buyer and even longer for them to finalize the sale. There are many different documents required when preparing to sell a business. Some people compare the...
How to address redundancy in a merger scenario
Mergers with other organizations are a common way to expand existing companies. Businesses that merge gain access to one another's resources, including their talent, facilities and intellectual property. The combined organization that results from a successful merger...
What if a business partner refuses a buyout offer?
There are many reasons why business partners may choose to end a partnership arrangement. Perhaps one partner has failed to follow through on their promises regarding investments in the company or job performance. Maybe the partners had the same vision initially, but...
3 reasons to reconsider a merger or acquisition
Large business transactions can be valuable for all organizations involved. Whether one company buys another or two businesses negotiate a merger, such transactions can make companies more competitive or efficient. Factors ranging from patented technology and real...
3 merger-related challenges that should be planned for in advance
Negotiating a business merger is a process that could take a year or longer to complete. From finding a viable candidate to setting agreeable terms, mergers can be incredibly complex transactions. There are a host of issues that can arise during and after a merger...

