VanAntwerp Attorneys, LLP
Phone: 606-618-0698

Business Formation & Transactions Archives

Reasons your company should consult a lawyer about a new location

Whether your organization is planning to rent new business premises, purchase a facility or expand into a new location, there are legal issues involved that a real estate agent is not in a good position to help you with. Hiring an attorney to negotiate, draft or review documents and to research zoning and other issues can save you a great deal of time and trouble. Unlike real estate agents and many other professionals, your attorney is legally obligated to act in your interests.

Your business is moving. Should you sublet your premises?

If your company is considering relocating, you should do so based on business needs. Still, it's important to understand all the variables. For example, if you lease your current premises and your lease isn't up, you don't want to keep paying on your old lease as you take on a new one.

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.

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