It’s natural for businesses to evolve over time. They might grow, merge with other companies, or restructure the entire organization to stay ahead of the competition. Although these changes can arise gradually, there comes a point in every deal when it is wise to work with a business law attorney. Below, the strategic team at Zangari Cohn Cuthbertson Duhl & Grello P.C. in New Haven, CT, shares a few major transactions they help clients negotiate, navigate, and finalize, so you can best protect your company.

5 Situations Where You Need a Business Law Attorney

1. Mergers

A merger is a legal agreement that unites two or more existing companies into a single entity that has a new organizational structure. Mergers are common between two businesses that are roughly equal in their sizes and scopes of operations. Thus, the term “merger of equals” is often used to describe this transaction. 

2. Acquisitions

Acquisitions, often called “takeovers,” have a more negative connotation than mergers. In an acquisition, one company takes over all operations of another while retaining its original organizational structure. Many people consider acquisitions to be fairly hostile, but with the right agreements in place, both parties can benefit from this approach.

3. Successions

Succession planning is the act of identifying individuals who can replace current company leaders and then developing them, so they are ready to take over when the old leaders retire, leave, or pass away. In smaller, family-run businesses, it is common to include younger relatives in the succession plans.

4. Shareholder Buyouts

Shareholder buyouts are transactions in which third parties—or the company itself—buys stock from the current shareholders. Under business law, companies can devise shareholder agreements that dictate who may purchase someone’s stock to prevent an unwanted buyer from obtaining interests in the company.  

5. Restructuring Endeavors

There are countless ways to restructure a company as it grows and changes. A business owner might opt to restructure for the sole purpose of improving efficiency, or the company may need to devise a restructuring agreement following a merger, acquisition, succession, or buyout.

If you need help navigating a complicated business law transaction, turn to the professionals at Zangari Cohn Cuthbertson Duhl & Grello P.C. in New Haven, CT. Since 1946, they have proudly served commercial clients throughout all of New England. You can learn more about the firm’s experience handling major deals by visiting their website. To schedule an initial consultation with a seasoned lawyer who will protect your company’s best interests, call (203) 789-0001 today.