In Parts I and II of this blog series, we touched on how important it is for the seller/business owner to begin putting in place a more sophisticated financial reporting “backbone” at least 3-5 years in advance of any sale transaction. In Part III, we focus on the...
Business Planning
Selling Your Business – Part II
In Part I of our blog series, we emphasized the importance of establishing sound financial statements as a pre-cursor to the ultimate sale of a business. However, merely having good financial statements is not, in and of itself, enough. Understanding the financials...
Selling Your Business – Part I
For entrepreneurs who have established and grown a successful business, the decision to sell their business is one of the most complex and difficult choices they will ever have to make. Historically, many entrepreneurs start or purchase a business with little to no...
Do You Have a Limited Liability Company?
Often Texas courts follow the lead of other states. For some time, we knew that bankruptcy courts in some jurisdictions would not respect the charging order protection of single member LLCs. In Florida, the Olmstead v. FTC case extended such reasoning. This is not...
