The Irreplaceable Role of the Human Touch in Legal Counsel

Most business owners have expansion on their minds. They’re always looking to grow!

You may have heard of Peloton’s recent acquisition of Precor. It was a $420 million deal and Peloton’s largest acquisition to date. 

Have you ever read an article about a major acquisition and wondered exactly how and why a business is willing to pay so much for a business that seems, well, not quite worth that amount?

We’ve all heard stories of business partnerships going sour. For every success story, we seem to hear 10 more where some sort of arrangement, trust, or decision-making went south and the partnership, or in some cases the entire business, dissolved as a result.

It’s an age-old dilemma for many business owners: how can you properly compensate top talent on your team without breaking the bank?

Whether you’re buying or selling a business, predictability is a virtue in the process that benefits both sides.

Building a dream team for your business clients takes time, finesse and communication. Whether you’re an orchestrator for legal, financial, or general business issues, building a strong internal team that can help the new owner(s) of a business succeed after an acquisition is key to more efficient and successful acquisitions.

The SECURE Act made significant changes to the post-death required minimum distribution rules for individuals who die after January 1, 2020—changes which every individual who has an individual retirement plan (“IRA”) or defined contribution plan (such as a 401(k) or 403(b)) should understand when reviewing their estate plans.