Throughout our history, at Lee Shome & Kennedy we have overseen mergers & acquisitions for a wide array of companies, with ranges above $50 million all the way down to under $1 million. It’s this practical application of business law that has allowed us to understand the intricacies of business acquisition agreements.
A corporate merger, by definition, is a combining of corporations in which only one of the corporations survives. Corporate mergers are authorized and governed by the statutes and regulations of the state in which the corporation is formed. Other business entities, such as limited liability companies, can merge as well, but this article will primarily discuss corporate mergers.
Lee Shome & Kennedy’s business law and corporate law attorneys are highly experienced in both opening restaurants and management/operational considerations once your restaurant business is up and running. LSK Firm has helped our clients in opening and operating multiple large scale restaurant groups, ensuring our clients are able to enjoy the business they worked so hard to create. Starting a restaurant as your business is not an easy task, as there are many business and legal considerations to prepare for. Below are some preliminary issues and requirements to consider when opening your restaurant.
This article will provide a brief overview of certain taxable transactions and the ramifications in M&A transactions, including those certain tax-deferred reorganizations under §368 of the Internal Revenue Code. Often, due to the fact that the taxes are deferred under IRC §368, these M&A transactions are referred to as “tax-free.”
In California, there is a general prohibition on the corporate practice of medicine, which includes a prohibition on operating a medical practice as a Limited Liability Partnership (“LLP”) as well. However, there is an exception for professional medical corporations. Professional medical corporations are growing increasingly popular as a business entity, and have become a go-to choice for both large and small practices. For those individual practitioners who want to start their own business for their practice, but do not want to expose themselves to the liability of operating their business as an unincorporated entity, professional corporations can offer a good source of liability protection. Professional corporations also work well for those who desire to operate their business through a more firmly structured and regulated entity as well.
Starting your San Diego business as a Sole Proprietor or General Partnership are some of the easiest business entities to form. However, both of these business entities come with a serious drawback – being that the business owner has no protection from liabilities that arise from the operations of the business. This means that if you are sued, or the business goes into debt, the business owner can be held personally liable for those debts. There are different types of partnerships however, including limited partnerships and limited liability partnerships that can offer variable levels of liability protection.
Corporations are probably the most well-known of the business entities, as they provide limited liability to shareholders, easy access to raising capital through investors, are the only business entity that can go public through an IPO, and have a rigid management structure allowing shareholders to delegate the management of the corporation to directors and officers.
A limited liability partnership (LLP) is available as a business entity to only certain licensed professionals, which are public accountants, attorneys, and architects. LLPs are a good alternative to general partnerships, as an LLP provides extended protection from liability that general partnerships do not. This article provides a brief overview of the general structuring and operations of a LLP.
A Limited liability company (“LLC”) is a business entity that allows for liability protection for the equity holders, without sacrificing each individuals ability to participate in the management of the company. Those that hold equity in the company are called “members” of the LLC, unlike corporations which have “shareholders.” The equity a member owns in the LLC is often defined as a “membership interest,” or sometimes a “membership unit.” This articles provides a brief overview of LLC’s and their structure.
Under Section 5 of the Securities Act of 1933, as amended (the “Securities Act”), all securities must be registered unless an exemption applies to those securities. This article will give a brief summary of Regulation D and the limited offering exceptions found within it.