VanAntwerp Attorneys, LLP
Phone: 606-618-0698

Business Formation & Transactions Archives

What constitutes due diligence when buying a business? Part 2

In our last post, we began a list of due diligence questions to ask when purchasing an existing business. Today, we add additional examples of what you should cover to ensure you aren't taken by surprise.

What constitutes due diligence when buying a business? Part 1

When you buy an existing business, you probably know that "due diligence" is your responsibility. That basically means finding out all the relevant information about the business -- everything you would need to know to run the company and to live up to its current obligations, which you will be assuming.

Planning for business succession: what questions should you ask?

If you are a successful Kentucky business owner, you are fully aware of the reality that one day you will need to turn your business over to a capable successor. The U.S. Small Business Administration reminds entrepreneurs to plan ahead for that day rather than think of it as a one-time event. The SBA also offers guidance for exactly how to do that.

What Kentucky businesses should watch for in 2018

As 2017 wraps up, business owners are reviewing both victories and mistakes while planning for the next year. Although it's impossible to see the future, you can follow trends and potential outcomes that might affect your company in 2018.

What remedies are available after a breach of contract?

Whether it affects your home or business, a breach of contract is frustrating. You've gone to the trouble of identifying a good prospect and negotiating a favorable deal only to have the other party fail to fulfill the bargain.

Employee or independent contractor: New program allows easy IRS changes

Employers can get into hot water with a number of agencies when they willfully classify workers as independent contractors, when, in fact, under IRS rules the worker is very much an employee. Things to look for are whether or not the worker actually has control over their employment decisions.

The challenges businesses face in a changing national landscape

While helpful in promoting goods and services, social media has also been the bane of many a business, especially when customers and ex-staff members leave negative reviews on a Facebook page or Twitter feed.

Keeping customers both safe and satisfied

As Uber and Lyft have become common fixtures in the ride-hailing industry, regulations governing these types of businesses have struggled to keep pace. In addition, high-profile news stories of drivers accused of kidnapping, rape and murder have created serious image problems that impact both reputations and revenues.

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