A limited liability company is a hybrid legal structure that provides limited liability features of a corporation and tax efficiencies and operational flexibility of a partnership.
Springtime brings spring cleaning, green grass and, unfortunately, dandelions. Similarly, as your company grows, you may have noticed some dandelions, or past due accounts, in your accounts receivable. Driving to and from work in the Midwest, it is hard to miss the dandelions.
Selling a company can be a long and detailed process. Preparing a company for sale may take up to twelve months, and then, once a buyer is found, the sale process can take from three to six months. Throughout this process, have an advisory team in place including an attorney and accountant who are experienced in mergers and acquisitions (M&A)
Entrepreneurs often have limited time and money. They may not think that hiring a business attorney or carefully reading a document full of legalese is the best use of these resources.