» legal tips

You’ve found the buyer, agreed on the price, and lined up financing. Could someone who isn’t even part of the deal keep it from closing? Read More

It’s easy to think of a contract as something you pull out when a relationship goes wrong. But when you’re selling your business, your contracts serve another purpose: they help a buyer understand how your company operates. Read More

You may have a signed noncompete sitting in an employee’s file. That does not necessarily mean it will protect your business when you need it. Tennessee’s new noncompete law took effect July 1, 2026, changing which employees may be subject to the… Read More

You can agree on a price and still be talking about two different deals. The buyer expects enough working capital to keep the business running. The seller expects to take certain funds at closing. One assumes the seller will stay involved for a year.… Read More

Most founders expect a business sale to fall apart because of one major problem. More often, the damage comes from a series of smaller issues that begin to tell a larger story. An employment concern may be manageable. So may a missing customer contra… Read More

One of the most expensive assumptions a founder can make is simple: “We paid for it, so we own it.” Unfortunately, that is not always true. When a buyer or investor begins due diligence, believing that your company owns its intellectual property… Read More

The person who built the business may also be the reason a buyer hesitates to buy it. For many founders, that idea feels completely backward. They have spent years becoming the person everyone relies on. They hold the most important customer relation… Read More

What Every Family Business Founder Should Do Before Retiring Before the final transition happens, most founders spend years thinking about how to grow the business. Far fewer spend time thinking about how to leave it well. Yet the way a founder prepa… Read More