If you are a principal in a New York business enterprise, you know that a mindset and performance levels based upon an ongoing status quo ultimately spell a recipe for failure.
Proven managers in companies in the New York City metro area and all across the state know that resting on past accomplishments and being complacent regarding evolving market realities will not consistently yield winning results in the future.
We note on our commercial law website at Rich Michaelson Magaliff Moser, LLP, that, "Ensuring your business's financial well-being can require a proactive approach."
Centrally, of course, that means a continuing assessment of moves your business might reasonably take to remain strong and viable going forward. As we stress on our site, key management personnel sometimes conclude that a merger-and-acquisition transaction might best promote that key goal.
Understandably, that determination should only be arrived at after a thorough vetting of all potential options, coupled with an analysis of all companies identified as perhaps being suitable business partners.
That process needs to be thorough and exacting. Moreover, it needs to be preceded by a clear understanding of why coupling in some manner with another enterprise makes sense.
We pose this short question on our site to business owners looking at third-party entities as potential M&A prospects: "Is your due diligence sufficient?"
A legal team that routinely helps diverse business clients advance key goals across a wide universe of commercial concerns can help ensure that it is. Doing transactional homework encompasses matters ranging from review of foundational documents and important contracts to examination of a company's employment benefits, outstanding litigation/liabilities, government compliance issues and more.
A business owner or key manager with questions regarding any M&A matter or other commercial concern can reach out to an established business law firm for guidance and strong legal representation.