Cities across the country are struggling with empty office buildings and fewer people in downtown areas. The pandemic made remote work more popular, leaving many offices unused and hurting local businesses. To fix these problems and avoid bigger issues, cities are...
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Business Law
Questions to ask before buying a new business
Buying a business is a big decision that requires careful thought and planning. Before buying a new Utah business, you should ask the right questions to make sure you understand what you are getting into. Why is the owner selling? One of the first questions you...
How to structure a business sale for maximum financial benefit
Selling a business involves several important decisions, not the least of which is how to structure the sale. The structure of a business sale can significantly impact the financial outcome. By choosing the right approach, you can maximize your financial benefits and...
Why you need a confidentiality agreement when selling a business
When selling a business, protecting sensitive information is a top concern. A confidentiality agreement, sometimes synonymous with a non-disclosure agreement, fulfills that exact purpose. Drafting a confidentiality agreement with all the necessary terms and conditions...
4 things to look for in an asset purchase agreement
Embarking on the journey of buying a business requires a keen eye and a thorough understanding of the asset purchase agreement. This legal document serves as the roadmap for the transfer of assets from the seller to the buyer. Unveiling the intricacies of an APA can...
Red flags to watch for in a business contract
The Small Business Association reported that there are over 313,000 small businesses in Utah that make up 99.3% of all companies in the state. If you are a small business owner, you know that engaging in business transactions often involves signing contracts. These...
3 factors to consider before a merger or acquisition
Considering the acquisition or merger of another company can be a pivotal move in your business journey. However, before you leap into the deep waters of a corporate merger, it is imperative to thoroughly contemplate several factors. 1. Financial fitness The fiscal...
Understanding trade assets when purchasing a business
When considering investing in a business, it is important to comprehend the concept of trade assets. These assets play a significant role in the value and success of the business you want to buy. Making informed decisions will give you a smoother transition into...
Should you consider a company’s culture before you buy it?
When you are considering buying a company, you look at various factors like financial stability, market position, products and services. These elements are crucial in making a decision, but there is another aspect that often goes unnoticed, and that is company...
Getting the most when selling your business
According to the Small Business Administration, there are over 313,000 small businesses in Utah. Many of those business owners choose to sell their businesses to create new revenue streams or expand into other interests. Selling a business can be a complex process,...