Growing a business naturally can be a very slow process. You may need new employees and new facilities to scale up from your current scope of operations. For such growth to occur organically, you may need to invest years of effort and planning. Even successful...
If you are starting a business with someone that you already know well, you may decide that you don't really need a partnership agreement. Maybe this person is a close friend from a business where the two of you already worked together. Maybe they're even a family...
As a business owner, you know which information you have that is proprietary. You know which trade secrets could harm your business if exposed, and you take steps to prevent that from happening. You may have a noncompete agreement in place with your employees right...
If you are on the verge of combining your business with another enterprise, the process will likely be complex. There will be intense negotiations regarding is the price that you pay for certain assets or the way that you will run the newly-merged business. You may...
Merging with another business can be a beneficial decision. Your company could grow much more quickly through a merger than it would be through typical business development. Rather than competing with that other business, you will now pool your company's resources...
Many reasons motivate Minneapolis-St. Paul businesses to consider merging. One of the more common ones is to share resources. Most mid-size private companies specialize in a particular field or business process. It gives them a competitive edge over others in that...
You may have achieved your dream 15 years ago. You launched your own business and now have seen it succeed and grow. Now, you are thinking ahead. You might want to retire in 10 years. Yet, who will take over your business then? You might not realize that more than...
Months of due diligence, late-night conference calls, research and working with investors and lenders has nearly come to fruition. Your company’s acquisition of another business is almost complete. You just have a few more details to address in what has been...
Even the most attractive business entities will have some issues to address sooner or later. Getting to know those issues before they become a disruptive surprise two or three years down the road may save you and other owners from losing time and money. What’s more,...
A merger could be great for your company, but it’s also very easy to go wrong. As you look for the right partner for your merger, consider these steps for creating a success. Check your own business health As you consider potential partners, be sure to assess yourself...
