Business decision-makers often come across two important terms in the context of corporate growth and restructuring: merger and acquisition. While they are often used interchangeably, they signify two distinct strategies for business combinations. Understanding the differences between a merger and an acquisition can help entrepreneurs, executives, and companies make informed decisions when pursuing growth strategies. This article will define mergers …
Successor Liability and How to Prevent It
In business, it’s important to keep in mind that liabilities don’t disappear when ownership changes hands. Debts owed, outstanding lawsuits and liens may transfer over to the new owners of the business. This legal concept is called successor liability. For business owners, it’s crucial to be aware of how this can impact their bottom line and what they can do …
