Business Transitions

If you’re reading this article, you probably just Googled or asked an AI chatbot something like that, read the feedback, scratched your head, and then wondered how to make sense of the answer. That’s because it’s a loaded question. There are many reasons to seek a valuation / value a...

If you’ve never sold a business and you’re considering selling your business, start preparing now. That means engaging professionals (lawyers, CPAs, and maybe brokers or other sell-side advisors) to clean up and make your business look pretty from a legal, financial, and marketability perspective – including creating a market of...

Oregon Business Purchase ChecklistBuying or selling a business may be one of the most important financial transactions you'll ever make. That being the case, it's important to ensure that you know of, and address, all of the potential legal issues that you should consider when going through the process. This...

How To Dissolve A Company*Many articles are written about startups and how to launch a company. Far fewer articles are written about how to close down a company, even though that part of a company's lifecycle is nearly inevitable: if a company isn't eventually sold or acquired, at some point in its...

Foreign Qualification of a Business (Part 2 of 2)In my prior post on foreign qualification, I covered some of the basics of a company’s legal obligation to register for foreign qualification in a state.  In this post, I will take a deeper dive into the original purpose of foreign qualification...

Obtaining Foreign Business Qualification in a State (Part 1 of 2)Each state imposes an obligation on companies formed in a different state to obtain approval from the state to conduct business within its borders.  This approval is typically obtained by filing for “foreign qualification” (also known as a certificate of...

Oregon Corporation Dissolution All corporations have a lifecycle, from launch through operations through an eventual transition, which could take the form of a buy-out, merger, acquisition or simply a closing down and dissolution. It is inevitable that there must be a corporate transition at some point, since owners change, markets change...

Small Business Buy Outs Most small businesses owned by more than one person will eventually face the situation where one of the owners will want to leave the business. In these situations, which are sometimes referred to as small business buy outs, the departing owner will want to sell his or...