We are often asked, “When is the best time to sell a business?” Just as often, we are asked, “How does one go about selling a business?” When is the best time to sell a business? It is ideal/optimal to sell a business when there is plenty of credit available to prospective business buyers to…

Here’s a story with a moral for anyone who plans or decides to buy a business, and it’s all about going with the conventional approach. You know us–at Calkins Law Firm we’re ready and willing to break with convention when it’s in the best interest of our clients. But sometimes the strength in having contrary…

Contracts are used in business to create legally binding agreements between parties. Violating any of the conditions or terms of the contract is referred to as a breach of contract. A contract breach can result in a civil cause of action that may result in a variety of damages, including monetary damages and specific performance.…

Are you searching for a manufacturing company? If so, there are several things you need to know before buying a manufacturing business. Before you make a bid to purchase a manufacturing business, conduct due diligence and keep these seven key factors in mind. 1.  Are You Paying a Fair Price for Equipment and Machinery? The company’s machinery…

When we are retained by a client and involved in a matter, our approach is always the same: whatever it takes, we do it in service of our client. We don’t stand on protocol, we don’t make excuses or complain, instead we roll up our sleeves and we do whatever the client needs. These could…

Here at Calkins Law Firm, we work hard for our clients. In general, we like our clients to be well informed before they make decisions regarding business law matters. So we will go to great lengths to inform our clients about the risks and the opportunities in what they are contemplating. We also feel strongly…

As the COVID-19 pandemic continues to affect the global economy, it is time for business owners to consider the effects which the virus may be having on existing contractual promises. Some providers of goods and services may be temporarily or permanently unable to do so due to the coronavirus situation. Previously-made agreements, such as those…

When it comes to creating a business entity, most business owners opt to go with an LLC. However, every business has different needs, circumstances, and goals. An LLC may not necessarily be the best entity to go with for all business owners. Before deciding to form an LLC, it’s important to learn what the advantages…

Over our years of practice we’ve seen cases that run the gamut in cost investments. Some clients have the funds to sink a cool million into due diligence. Others have much less. Clearly, the amount that we receive dictates the time and efforts we can spend. But regardless of our client’s budget, they can all…

Advice for New Business Partnerships I have seen dozens of these scenarios fail. Literally dozens. And the one thing they all have in common are mis-matched expectations. Expectations about who is responsible for what, how the work will get done, and most importantly, who gets to make the final decision on issues. These new business…

When a prospective client contacts us and explains that they have a claim to assert, I will almost invariably recommend and propose that they engage us to prepare a demand letter for submission to the opposing party. As part of the drafting of a demand letter, we first need to learn as much as we…

Market analysts said early on this year that 2021 would be huge for the special purpose acquisition company (SPAC). And so far, we’d have to agree. SPACs are basically “shell” or “blank check” companies that exist in the public markets solely to raise investor funds and then acquire existing private companies. A SPAC then becomes…

It’s tempting to think that only major, drastic changes to your lifestyle can make any significant difference to your health, but that’s not the case. In fact, not only can small changes add up to a distinct shift in your wellbeing, but you’re also more likely to stick to them. Try integrating these small tweaks…

Have you heard the tale of the experienced lawyer who stayed up through the night doing legal research before a trial? In his desire to be thorough, this diligent legal professional ended up stumbling upon a case that provided just the support he needed for his argument.  He was able to make a powerful case…

Business plans are critically important to the success of any and all businesses NOT DESPITE THE FACT that they will need to be repeatedly or continuously reviewed and rewritten, BUT BECAUSE THEY WILL be repeatedly and continuously reviewed and rewritten, keeping the underlying business subject to examination and inquiry. I have been working on a business plan over the…