Non-Disclosure Agreement Protects Seller’s Confidentiality Every South Florida business seller should be aware of how critical it is to have potential buyers complete and sign a proper Non-Disclosure Agreement (NDA). In the context of business sales, an NDA is used to qualify potential buyers. The NDA requires the buyer to affirm their ability to buy … Read more
Exclusivity Period for Business Sales A buyer of a business legally gains the exclusive right to purchase a business for a specified time period when there is a signed and agreed upon Letter of Intent or Purchase Agreement with the seller. Typically, a refundable deposit from the buyer is also placed into escrow in order … Read more
Business Sales Different from Real Estate Sales Many business owners who are contemplating the sale of their business may wonder whether the sale will be publicly disclosed. Often times, they wonder whether the terms of the deal including the purchase price will be made public. In fact, privately owned business sales in South Florida are … Read more
Local Business Brokers Generally Do Not Specialize Hiring the right business broker to sell one’s business can be a serious challenge. The seller of a business has often devoted the majority of their working life to the business, and rightfully expects their business broker to be well informed and knowledgeable about the industry in which … Read more
Buyer Must Prepare Document Request List Every buyer of a business should strive to uncover a sufficient amount of information that justifies the decision to buy a business at a particular price and terms. This information gathering process typically takes place in stages, with the most thorough and confidential company information disclosed during the formal … Read more
What are Leasehold Rights? A leasehold right is the temporary right of a commercial tenant to occupy and use leased property. The leasehold right is memorialized in writing via a lease between the current occupant (or business owner) and the landlord. A commercial lease invariably allows for the transfer of the leasehold rights to a … Read more
Business Appraisal: Formal Valuation A business appraisal is the means by which businesses may be formally valued in order to determine its current fair market value. Business appraisals may inform the business owner as to the best asking price they should seek before a potential sale, but is often done for other reasons. Formal business … Read more
Selling A Staffing Agency It is no secret that our nation is currently facing a severe labor shortage. Demands for better pay and more flexible working conditions from workers along with changing demographics has resulted in low labor participation rates. Employers are finding it more and more difficult to find and hire staff. Staffing agencies … Read more
“It is far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” -Warren Buffett Great Businesses Have A Competitive Advantage As famed investor and business expert Warren Buffett will tell you, what makes an ordinary business a wonderful business is its competitive advantage. The bigger the … Read more
E2 Visa Provides A Pathway to Legal Immigration An E2 Visa may be obtained by foreign entrepreneurs from countries of origin which have a Treaty of Trade and Commerce with the United States. Once obtained, an E2 Visa holder (and their family) may reside in the United States for two years (and may be renewed … Read more