LEGAL EXPERTISE
Acquisitions, Mergers, & Succession Planning
If you are considering buying an existing company, taking on partners or members to your existing company, or merging with another entity, careful planning is required. This isn’t just for today, but for your future. Maybe someday you will want to retire, or sell your interest. What is your exit strategy? You will want to consider what assets each party is bringing to the table, and what liabilities may ensue. Contact Jay Worrall, Attorney at Law to help navigate these opportunities.
Why work with a business attorney for a merger or acquisition?
Acquiring a new entity inherently involves risk. If you do not work with an experienced attorney, you may get more out of the bargain that you were expecting. Using an knowledgeable business attorney like Jay Worrall may help prevent unexpected surprises and costs.
Acquisitions & Mergers can require legal assistance
Mergers and Acquisitions
Different business entities may benefit from merging their talents to create a larger, stronger entity. Sometimes a company wants to offload assets that can benefit another. Whatever your circumstance, Worrall Law can help you work through scenarios that will profit both sides.
Distribution Agreements
Businesses face many challenges, not the least of which is the modern supply chain. Recent changes in tariffs and lengthy shipping delays add to costs and risk. Can you still honor last year’s pricing? Do you need to adjust your contracts? Whether selling on-line, or sourcing materials or raw goods, proper agreements minimize risk. Attorney Jay Worrall has negotiated thousands of contracts ad distribution agreements with domestic and international companies.
Business Succession
Even Warren Buffett retired. We all look forward to the day when we can sell our companies, or pass it along to another generation. What is your exit strategy? How will you pass along your interests? By planning ahead, you can ensure your loved ones benefit from your hard work.
Dispute Resolution
Litigation is expensive, stressful, and takes you away from managing your business. At Worrall Law, we focus on solving the core problems that underlie your dispute before a lawsuit is filed. We prefer open, frank communication between parties first. Often alternative dispute resolution methods, such as mediation or arbitration, can resolve the matter more cost-effectively, only turning to litigation as the last option.
Frequently Asked Questions
What’s the difference between an acquisition and a merger?
An important consideration is whether to acquire another business entity outright, or whether you just want to purchase some of the assets of another company. Merging the two companies carries different risks and legal procedures.
What is an asset purchase?
An asset purchase is different than purchasing all of the shares or interests in a company. By limiting and specifying the assets you are interested in, you can avoid taking on responsibility for the entire company, including possible liabilities. However, this has to be done carefully, and is not used as a method to defraud creditors of the old company.
Why is business succession planning important?
Succession planning ensures your business continues smoothly if ownership or leadership changes. Without it, your company may face uncertainty or even legal disputes. Everyone hopes to retire someday too, and having a plan in place in advance can smooth the transition to the next generation of leaders and ownership.
When should I hire a business litigation attorney?
It’s best to consult a litigation attorney as soon as a dispute arises, before anyone is so upset that litigation becomes inevitable. Early legal guidance can often lead to faster, more cost-effective solutions before problems escalate.
Are you business attorneys in San Diego only, or do you work with clients elsewhere?
We primarily serve San Diego and surrounding areas, but depending on your situation, we may be able to assist or refer you to trusted attorneys in other locations.
Schedule Your Complimentary Consultation Today
If you’re ready to establish a new business or estate plan, or you’re looking to protect your business or personal assets and legacy, schedule a complimentary consultation today. Worrall Attorney at Law simplifies challenging conversations, helping business owners and their families achieve security through open communication about your unique circumstances.