For many small business owners, conflicts can get personal. No matter who allegedly injured the other, you may feel wronged and want to be vindicated regardless of the cost. However, litigation should always be the last resort. It is expensive and time-consuming and...
Contractual disputes are sometimes unavoidable. While a well-drafted agreement can minimize the likelihood of conflicts, it’s best to plan for how to resolve disagreements without resorting to litigation. Going to court is time-consuming and expensive. Fortunately,...
Private company valuations present challenges because shares are not traded on a public exchange. As discussed in our prior post on How to Value Shares in a Private Company, there are certain factors that should be taken into account in determining what a company is...
When a co-owner or partner in a private company wants to sell his or her shares, valuing their shares can be a problem. Public company shares are traded on a public market, so the price is clear. Private companies have to use different methodologies that can be...
If you are co-owner of a business, it is important to plan for what happens if you or another owner exits the business. This is particularly crucial if the company is a partnership or closely held corporation because those remaining will want control over who gets the...
