Tag: frustrating

A vast majority of businesses have possession groups of less than five people.While this provides for efficient and effective management, difficulties arise if something happens to one of the owners.If your company has multiple owners, ask yourself what happens if:· The owners can not get along?· One of you is hospitalized for an extended period?· An owner becomes divorced [and the partner is awarded half the stocks?]· An owner stops coming to work?· You wish to sell stock to a third party?· An owner passes away?· One of you wants to retire?All of these events can seriously disrupt your business, especially ownership disputes...

It's important for any prospective business purchaser to perform due diligence in researching a potential target business.A few of the documents you'll have to collect and review on your analysis of whether a specific business would be a fantastic acquisition include the following kinds of documents.1.Corporate and OrganizationalO Certified copy of articles of incorporation and bylaws of business and subsidiaries as currently in effect;o Partnership agreement and any amendments thereto;O A copy of the most current organization chart available of this company;O A list of states and foreign countries (if any) where the Company isqualified to do business; andO All names under which the firm has done business in the last five years; this includes registered and unregistered trademarks, fictitious name statements...