RAKETTI LAW IS SERIOUS ABOUT YOUR BUSINESS
We help our clients launch, establish, and grow their businesses. We leverage the law to help you achieve your goals. We help you identify and implement the business structures that will help you maximize your bottom line.
We can help you:
- BUY A BUSINESS: Draft Letter Of Intent / Purchase Agreement and All Ancillary Documents; Conduct a thorough due diligence; Negotiate a fair deal;
- SELL A BUSINESS: Liquidate The Value From your Business; Mitigate Residual Obligation and Liability Risk;
START A BUSINESS: Incorporate your business; Plan Your Sole Proprietor or Partnership; Mitigate Risk with Sound Legal Advice;
- DRAFT: Unanimous Shareholders Agreement, Nondisclosure Agreements, Company Policies and more;
- ORGANIZE: Your Corporate Structure and Company Minute Book; Maintain your annual corporate filings;
- ON-DEMAND CORPORATE COUNSEL
TO SCHEDULE YOUR FREE CONSULTATION:
COMPLETE OUR ONLINE QUESTIONNAIRE AND CALL 403-278-8965
Buying a Business
We assist our clients at every stage of a business acquisition:
- We conduct a thorough due diligence review that is tailored to the industry of the target company by reviewing and summarizing the relevant information relating to a target company’s characteristics, including, among other things, its assets, liabilities, corporate structure, legal history, employment related matters, owned and leased property, and federal and state tax status.
- We draft Letters of Intent (LOIs) and Purchase Agreements, and all ancillary documents necessary to close the deal.
- We will negotiate with sellers and their counsel to help you get to yes on the right deal and at the right price such that all parties close the deal feel satisfied.
- We will work with you as you assume operational control of the business and help to make sure that you hit the ground running starting on day one.
Selling Your Business
Selling your company is a good way to liquidate your assets and free yourself up to pursue your next project. At Raketti Law we work with you and your professional team to ensure that you receive the best price for your business and reduce or eliminate the residual obligations and liabilities that you might face if a business is sold without due consideration in structure the sale.
From the moment you receive your first purchase offer, we can help you to value your business and determine what legal arrangements are reasonably necessary to close the deal and protect your interests. For example, we can you determine what sale structure is preferred for your particular situation: i.e., sale of corporate shares, assets, or a merger. Most importantly, we protect your legal interests and assets by helping to ensure that any representations, warranties and other obligations contained in the purchase agreement and related documents are clearly understood and agreed to by both parties.
You have many options when deciding how to structure your business. Deciding which structure is best for your situation may be one of the most important decisions that you make at this stage of your company.
The three most common forms of business structures are:
- Corporations. One or more shareholders register their business under the provincial or federal corporations legislation and thereby create a business structure that limits their liablility and provides one of the most powerful vehicles for creating wealth the world has ever known. If you are serious about building and growing your business, this is probably your best option. That said, it requires more legal work at the begining and it is important to think carefully about how you want to govern your business, especially if you have multiple shareholders.
- Sole Proprietorship. This is the easiest form of business to operate as a solo entrepreneur, however it has several downsides in that it does nothing to limit your potential liability and may not be the best option from a tax-planning perspective.
- A Partnership. A partnership is an easy way to go into business with other individuals, however, it is similar to a sole proprietorship in that you are potentially exposed to unlimited liability and it does not offer the tax advantages that you have with a corporation.
During our initial consultation we can discuss each of these, and other structures, in more detail and help you decide what structure will best serve your business needs at this stage of your enterprise.