We recently learned that two regional banks, Huntington National Bank and TCF will be combining in 2021. It’s likely just the start of a trend that will carry well into the new year. After all, the fallout from 2020 is still being experienced across all industries, by companies of all sizes. Some suffered from onslaught that 2020 brought, while others found their footing or even thrived. The former may be looking to cash out, while the latter might well see this moment as an opportunity to aquire businesses at a bargain price. The situation as a whole will likely result in acquisition activity among small and large companies alike.
Even when they involve relatively small or family-owned companies, these transactions can be quite complex. It is important to prepare appropriately and document each step along the way. A few things that closely held companies will need to do as they engage in a business combination, whether acquiring or selling, are as follows:
Every successful merger or acquisition starts with legally sound, clear and current corporate documents. Contact us to schedule a corporate cleaunup review now.Contact Us Now
This article touches on just some aspects of an M&A transaction that can turn out to be complex when dealing with smaller or family-owned companies. Should you be contemplating a move this year and need assistance in the process, please feel free to contact us.
The business and employment attorneys of Dalton & Tomich take your business just as seriously as you do. Attorneys Zana Tomich and Noel Sterett are trusted by closely held family businesses and others across Michigan and Northern Illinois as invaluable partners and counselors. We guarantee all your calls and emails will be returned within one business day so you can focus on what you do best: running your business.
Having worked with Zana for 10 years, I can attest to her professionalism, her pragmatism, and most importantly, her integrity. I always get sound, thoughtful advice and guidance. From routine filings & updates to the highly unexpected, Zana’s there to help, always responding quickly and […]Read More
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