Business Transitions

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...

Buy-Sell Agreements Most businesses will end at some point, which could happen for any number of reasons. A recent article in Forbes, in fact, states that 8 out of 10 businesses fail. Regardless of why a business may fail, the decision not to acknowledge this fact when starting a business is...