The prospect of selling a business can be both exciting and daunting. This general overview walks you through the typical purchase process for small and mid-market sellers. Letter of Intent (LOI) After initial conversations on the prospect of engaging in a sale, the prospective buyer will send the seller a Letter of Intent (LOI) to… Read More »

Purchasing a healthcare company is an exciting prospect and one for which Richards Rodriguez & Skeith has helped guide numerous investor clients. The healthcare field is critical to all Americans and it has been experiencing significant growth over the years with an expected 5% growth in spending through 2023. With an increased focus on developing… Read More »

Your most pivotal business relationships are built on the foundation of your contracts. They can also serve as your lifeline when you face unprecedented changes. Do you know which of your contracts will be most critical to your company in 2021? Do your current financial projections justify maintaining the contracts you have in place? No… Read More »

“Should I move my business to Texas?” If you’re asking yourself this question, then undoubtedly you have heard the hype about Texas. Many tech, manufacturing, education, and energy companies have made a home in the Lone Star State in increasing numbers in the last decade. To some from the East or West Coast, Texas may… Read More »

A Study of the Austonian In Austin, the high-rise residential building called the Austonian was the tallest building in the city when it opened in 2010. The building is a striking piece on the Austin skyline and can be seen from miles away. The building houses luxury suites and penthouses with some of the highest… Read More »

Here in the era of remote work, digital meccas, and increasingly complex technological advances, many non-tech business owners have turned towards investment in tech. It’s a reasonable conclusion to reach, given how much of both our personal and professional lives are moving online, and how many others have done so to significant financial reward. For… Read More »

Manufacturing businesses are growing in popularity for those expanding their portfolio of business acquisitions. The demand for manufacturers continues to rise as many companies are insourcing more of their operations. However, how can acquirers evaluate a manufacturing business to assess its true value? Read tips for purchasing a manufacturing business below. Evaluating a Manufacturing Business… Read More »

The topic for today is the revival of a promissory note, and a lien, security interest, or mortgage associated with it after the expiration of the statute of limitations. What Is A Statute Of Limitations? All civil claims are subject to some form of limitation, which are set by the legislature through statute. What does… Read More »

Whether you’re on the landlord or tenant side of a commercial lease agreement, these are stressful times. With the future of the pandemic still uncertain, you may be facing foreclosure, considering bankruptcy, or keeping an eye out for the struggles of your tenants in these areas. Even as the rest of the world hunkers down… Read More »

Materiality in M&A deals is, these days, normally a heavily negotiated issue. There’s often a push and pull between sellers and purchasers. Sellers often try to qualify their representations and warranties in the definitive agreements with materiality in order to avoid being found liable for immaterial breaches or for immaterial damages. Indemnity Basket Parties typically… Read More »

We’re long past our 2020 business plans now. These are strange times for business owners and operators, and if you’re finding yourself in a situation that you wouldn’t have imagined possible six months ago, you’re not the only one. A common issue we’re seeing a lot of people facing right now is the threat of… Read More »

In this Business Law Breakdown, Richards Rodriguez & Skeith Partner David Rodriguez shares the major cybersecurity risks facing buyers during M&A transactions. Cybersecurity issues are becoming more prevalent in M&A deals these days. The major risks facing buyers relating to cybersecurity are twofold. Firstly, that the seller may or may not have been the victim… Read More »

Between these trying economic times and the COVID-19 pandemic, many businesses are struggling to keep their bills paid during a time when they may not be able to keep their doors open. The fact of the matter is that a lot of these businesses will be filing for bankruptcy soon, and that will impact everyone… Read More »