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As complicated as it may be for two people to figure out how to join their lives together after marriage, business mergers are even more complex—since many of the compromises need to be worked out ahead of time as part of a legally binding agreement. Here, the guidance of a lawyer is critical—to protect what you want from the partnership and make sure you understand the other party’s terms clearly. The following explains some of the services they will provide during this time.

Why Lawyers Are Necessary During a Business Merger

1. Legal Compliance

Mergers come with a lot of paperwork that needs to be filled out and filed correctly to make the deal official. Lawyers have the right experience and background to navigate these steps to avoid fines or delays. They can also ensure the legal transfer of trademarks, patents, and other registered entities or make sure that certain items are excluded, depending on your wishes.

2. International Dealings

As complicated as two domestic companies coming together can be, the process is more complex when the parties involved are in separate countries and jurisdictions. Lawyers will ensure that all documents are filed correctly in both locations and that all laws are adhered to so the businesses can work legally in each area.

3. Tax Needs

lawyerMergers and acquisitions affect your tax standing. In addition, the transfer of company control, itself, can either be a tax-free or taxable transaction, depending on certain qualifications. Your attorney can help you determine what category this merger falls under, so you can be sure you’ve satisfied any obligations to the IRS.

4. Internal Restructuring

When two companies combine, steps must be taken to restructure the business. Issues such as dividing shares and determining liabilities come into play. A lawyer can provide legal guidance and oversee negotiations while protecting your interests.

 

For guidance with your business merger or acquisition, call The Law Offices of Bromm, Lindahl, Freeman-Caddy & Lausterer. Founded in Wahoo, NE, in 1893, this company’s success has been built on its dedication to clients. Their lawyers will help your company achieve its next step, using their knowledge of corporate and business law. Call (402) 443-3225 for a consultation or visit their website to learn more about their team.

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