Terry J. Fong Law Group
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3 FAQs about buy-sell agreements

When you are forming a business, the last thing that is on your mind is when you will sell it. You may even have the thought that you will “never” sell the business because you intend for it to get passed on.

Still, it is a question that can come up at any time. A partner can go through a messy divorce, or you could face a disability that keeps you from working. In any case, having a buy-sell agreement in place can be important for you and your business.

The importance of communicating with employees during a merger

Mergers can be both exhilarating and stressful for many Arizona companies. If planned correctly, you have more people to work with and will thrive with the additional assistance and benefits that come with the collaboration.

However, the success of the company’s future hinges upon your actions now. Some employees might feel uncomfortable with the merger and will have a hard time adjusting or might even leave. To ensure the transitional period will go as smoothly as possible, it is important to retain a clear communication with them. Here are a couple of strategies to keep in mind:

Avoidable mistakes people make when starting a business

Creating a business can be a thrilling proposition. The chance to strike out on your own and be the boss has an undeniable appeal. However, there are lots of steps between idea and profit. The smallest misstep can often be the difference between success and failure.

Make sure you give your business the chance to thrive by avoiding these startup mistakes:

Contact

Terry J. Fong Law Group
428 S. Gilbert Road, Suite 116
Gilbert, AZ 85296

Toll Free: 800-677-2784
Phone: 480-359-2810
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