Business divorce can be as complicated, costly and dramatic as traditional divorce.
When owners of a closely-held company decide they cannot or will not work together anymore, there are several alternatives for achieving the separation – a division of assets among the owners, a buyout of one owner or several owners by a third party or by the company itself, or a complete or partial sale of the company. But these and other transactional forms come with risk – the risk that dividing the assets of an operating business will cause substantial destruction of value to the company or that strife will take its toll on operations and employees.
This program provides a practical guide to the alternatives for achieving a business divorce, planning the process, containing the risk and preserving value.
Part 2 topics include:
- Compensation and retirement plan-based techniques for accomplishing a business divorce
- Special issues when a business divorce involves a distressed business
- Role of confidentiality, non-competition, and non-solicitation agreements as part of the divorce
- Important intellectual property issues, including customer lists, goodwill and trade secrets
- Preservation of valuable tax attributes
Wednesday, December 2, 2020
- Frank Ciatto, Venable LLP, Washington, D.C.
- Norman Lencz, Venable LLP, Baltimore, MD
December 2, 2020
North Carolina: 1.00 MCLE Hour
See pricing below.