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Acquiring another company or merging with another company can be a great way to expand your business, but it certainly isn't a simple process. Business lawyers and acquisition specialists understand that a business acquisition is not a single event. Instead, they advise their clients to think of it as an ongoing process that must be properly managed to get the best results. Lance S. Cox Attorney at Law knows and understands the process well thanks to over 40 years in business as a probate and tax attorney in Cincinnati, OH.

In order to simplify the business acquisition process, he offers the following tips:

  • Conduct Your Due Diligence: It's the responsibility of the acquiring business to get an accurate picture of the target's assets and liabilities, including ownership of critical property, intellectual property, and patents. Even small businesses should have an experienced CPA help with this process.
  • Seek Assurances From The Seller: Get written warranties from the business owner confirming facts about the business, such as the veracity of the business's accounts, creditors and debtors, and other important facets. Lance Cox Attorney at Law will also help you get indemnities guaranteeing you financial compensation in unexpected situations.
  • Develop a Plan: Integrating two separate businesses can be a long, difficult process, especially if they have differing business cultures and are closely involved in the same industry. An experienced business attorney will help you develop a plan that maximizes the potential return on your investment.

Whether you're a small family business or a large corporation, get experienced legal counsel to make sure your business acquisition is as smooth as possible. For more information, visit Lance S. Cox Attorney at Law online or call (513) 327-7958 to schedule a consultation today.

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