DUE

DILLIGENCE

DUE DILLIGENCE

 

Remember, that no matter if it is a merger, acquisition, or other event, you need to make sure your partnership, corporation, c-corporation, or limited liability company (LLC) is protected, knows, the risks, knows potential consequences, and has a full understanding of posture of the other partnership, corporation, c-corporation, or limited liability company (LLC). This is where The Law Office of Eric J. Proos, P.C., will perform legal due diligence. Here are some things that are included in legal due diligence:

 

  1. Evaluating whether the companies have the power to do the acts the proposed deal requires.

  2. The organizational posture of the other partnership, corporation, c-corporation, or limited liability company (LLC);

  3. Indemnification.

  4. Is a voting trust needed?

  5. Does risk of attack by creditors exist?

  6. Does either partnership, corporation, c-corporation, or limited liability company (LLC) have contracts in that would place an obligation on either party.

  7. Is there any conflict that would exist?

 

The list above is merely some, not even close to all, factors that will be investigated during legal due diligence. When going through a merger, acquisition, or other type of event that triggers legal due diligence, you as the owner should not be spending the time performing these tasks. The partnership, corporation, c-corporation, or limited liability company (LLC) still needs to operate, because, as we know, not all deals are completed.

 

Call the Law Office of Eric J. Proos, P.C. today to schedule your consultation to discuss your partnership, corporation, c-corporation, or limited liability company’s (LLC) legal due diligence.

 
 
 
 
 
 
 
 
 
 
 
 
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