If you’re looking to merge with another company, you may be considering doing it alone or using a lawyer. Or maybe you’re not sure. You may be working on one of those deals where you’re unsure which approach is best. But before you do anything, here are six smart reasons to use a lawyer for your business merger.
Table of Contents
1. Your Lawyer Can Make Your Deal Happen
Your lawyer can find a buyer and negotiate the terms of your deal. More importantly, he can draft, review and oversee a complicated agreement that will help you avoid pitfalls and protect both parties. Lawyers understand the intricacies of business transactions and how to get the job done right, quickly, and in your favor.
2. Your Lawyer Will Get the Money You Deserve
A lawyer can ensure that the deal is fair to you and your shareholders and address every issue of importance. A lawyer can also help protect you from lawsuits by assuring that all contracts are valid, fair, and enforceable. A good lawyer knows how to gather evidence to protect your interests without unduly burdening the other party or creating legal uncertainty.
3. Your Lawyer Can Guide You Through the Whole Process
A typical business transactional can take months to plan and complete. Lawyers who know the process can help you make timely decisions and bring the deal to a successful close. Lawyers can also help you maintain good relations with the other party by seeing that everyone is kept informed and that their needs are addressed.
4. Your Lawyer Will Appeal to Investors and Lenders
Having a good business idea isn’t enough to attract financing or investors. You need to have a plan that will succeed, a detailed plan that identifies the risks and rewards of each step. A good lawyer can help you create a road map with clear milestones that appeal to your investors and lenders.
5. Your Lawyer Can Answer the Toughest Questions
A lawyer can explain to your shareholders how the deal will help them and why they should sign. Lawyers can also point out any risks they think might harm the deal. But most importantly, a good lawyer can answer any question you have. Every business deal is unique and complicated, but here are three questions that every deal has: What will be sold? Who gets what? And how much is the purchase price going to be?
6. Your Lawyer Can Help You Move Ahead
A lawyer can help you immediately by working with the buyer to understand your company and its business plan. A lawyer can also help you two years down the road to take control of the merged company or re-merge with the other firm. By keeping up to date with ongoing developments in the industry, a lawyer will guide you through shareholder and employee negotiations and deal closure. For more information,visit Manfred Law.
In conclusion, there are several reasons why hiring a lawyer for your business merger is the right choice. A lawyer can make your deal happen, get the money that you deserve, guide you through the process, appeal to investors and lenders, answer tough questions and help you move ahead. A lawyer is an important member of your team, and he can help you move ahead with your business merger.