7 Steps to Prepare Your Business for Sale
Posted on Apr 07, 2017 by
Ryan T. Judd
Putting your business up for sale is a major decision with implications that extend far beyond the financial considerations. Selling your company affects not only your future but the future of your valued employees. What’s more, letting go of a business you’ve grown for years or even decades can be a difficult process.
First, you need to consider whether you are truly ready to sell your business. Talk to family members and others who care about your future and may have a stake in your decision. Working through any personal concerns before proceeding will make the entire process a lot easier. continue reading
Avoid These Legal Snares in 2016
Posted on Mar 18, 2016 by
Jeffrey L. Payne
We always like to look ahead and advise our business clients about legal issues that may receive more attention throughout the year. Some are pushed to the forefront by public policy and politics – immigration, for example. Other issues, such as data protection and workplace harassment training, always are important, but the beginning of the year is a good time to review whether your business follows best practices. continue reading
Why You Must Renew South Carolina Buy-Sell Agreements to Reflect Inclusion of Goodwill
Posted on Nov 13, 2015 by
Jeffrey L. Payne
A recent South Carolina court ruling has adopted the emerging majority approach utilized by the courts nationwide, and for the first time has recognized the distinction between “enterprise goodwill” and “personal goodwill” for equitable distribution purposes in a divorce action. continue reading
Don’t Misunderstand the Memorandum of Understanding
Posted on Jan 20, 2015 by
Lanneau Wm. Lambert, Jr.
Can a city change its mind about development partners after signing a memorandum of understanding (MOU)?
That question bounced around in South Carolina courts for a decade, and the state Supreme Court issued the final answer last summer. A city – or any party – may back out of an “understanding” that doesn’t include a definitive agreement. continue reading