The Business Advisor Quarterly

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The Business Advisor Quarterly is a quarterly newsletter at Offit Kurman. This newsletter is provided to inform its readers of issues in corporate law that may affect them or their business. If you would like more information on any of the topic discussed in this issue, please feel free to contact any of the authors.

How Saleable is Your Business?

By: Joel Luber

As an attorney whose practice includes estate and business succession planning, I often assist my clients with the sale of their closely held business. On those occasions, it also becomes my job to (i) determine whether my client is at that point in his or her business life cycle where he or she is ready to sell and (ii) whether the business is ready to be sold. Both questions cannot always be answered in the affirmative. | Read the full article»

Is Your Building Zoned for Your Use?

By: Joe Beller

The building you are considering may physically accommodate your needs, but is it legal for such use? Whether you are purchasing or renting, you must make your agreement contingent on obtaining a zoning permit. Don’t be Fooled by Appearance. The fact that the building has been used for a commercial or industrial use does not mean that you automatically are green lighted for your use. | Read the full article»

Commonly Overlooked Terms to Ask for When Renegotiating a Commercial Lease in This Climate

By: Neil Rubin

While office vacancy rates remain relatively high, landlords are continuing to provide incentives to both retain existing tenants and attract new tenants to their locations. These incentives usually cover a combination of free rent and improvement allowances. Usually these items, as most business terms, are negotiated up front when a term sheet or letter of intent are being prepared. | Read the full article»

Tips to Successfully Gaining Concessions From Your Union Without a Strike

By: Julius Steiner

One of the most difficult tasks for management to accomplish successfully without conflict often presents itself during economic recessions: the need to go to a union and request concessions or “give backs”. This usually occurs during negotiations upon contract expiration but can also take place during negotiation of an initial contract or even mid-term. | Read the full article»

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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