Whether you are a start-up or an existing businesses looking for advice on restructuring, the Law Office of Rocco E. Cozza can assist. When starting a businesses, there are many critical questions that must be answered to ensure you are setting yourself up for success. To find out about starting your business, click here.
As for restructuring, businesses do this in many ways, such as bringing in new owners, buying out current owners, or changing ownership in some way. In any of these situations, having counsel to assist and advise you through the process is a must, either as counsel to the company or the owner(s) themselves.
Company ownership restructuring
One of the most common ways businesses undergo restructuring is through a change of ownership. Ownership changes occur in many different ways, including:
▪Bringing on new investors
▪Acquiring a new entity
▪Merger of two or more companies
▪Business succession plan
▪Death or disability of a current owner
In all of these situations, it is very important that all involved parties have excellent legal counsel to guide them through the complicated legal environment these transactions involve.
Company entity restructuring
Besides changing the ownership structure of a company, businesses can also change the way the entity itself is structured. This is accomplished in a variety of ways and some of the most common are:
▪Merger or consolidation
▪Division or spin-off
All of these types of entity restructuring have pro and cons. This is why it is imperative that before any decision is made to restructure, you speak to an attorney to guide you down the right restructuring path.
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