We frequently hear the question, “Do I really need an attorney?” Often, individuals and business owners believe they understand the system enough to fend for themselves. They figure they can save money and keep their legal matters afloat with no negative consequences.
This, unfortunately, is far from reality. Nearly every time someone asks if they need an attorney, we respond with a resounding, “Yes!” If you are doing something that involves the legal system, an experienced and professional attorney can make the process that much easier.
Merger vs. Acquisition: What Are They?
First and foremost, you should understand that an attorney will have more knowledge about mergers and acquisitions than you do. A merger takes place when two separate companies combine forces to create a new organization. An acquisition refers to the “purchase” of another company, bringing it under your company umbrella.
Both options can be quite complex, though mergers tend to be friendly while acquisitions can be quite hostile. In both environments, an attorney can help you understand your options and rights — as well as communicate with other involved parties. This will simplify the process and save you time, allowing you to get back to what you do best: running your business.
Signs You Need a Mergers and Acquisitions Attorney
You may need a mergers and acquisitions attorney if:
- You need to draft and file paperwork to make the transaction legal. You should never attempt to create this paperwork on your own.
- You need to negotiate over the terms of your agreement, including payment, allocation of assets, and control of the company. These can quickly turn sour if you move forward without assistance.
- You are a stockholder in one of the companies. This can complicate a merger or acquisition. An attorney can ensure you are compliant under the law.
Since nearly all mergers and acquisitions require paperwork, you can always benefit from pairing with an experienced attorney.
Organizing the Process
There is something to be said about the pure organizational benefit that comes with hiring an attorney. You will meet deadlines, file the correct paperwork, and save yourself hours that you might have spent reading about the system on your smartphone. Your attorney literally went to school for this, so why not let the professional handle the details?
You will also have a firmer grasp on your options, which can help you utilize your full potential. Imagine going through a merger or acquisition and later learning you could have saved money or used the system better to your advantage. Instead of having regrets, do things right the first time. There are many ways to save money in a business, but shirking legal advice is not one of them.
Contact an Experienced Mergers and Acquisitions Attorney for Representation
If you are looking to merge with another business — or acquire another business — consulting with an experienced Redwood City mergers and acquisitions attorney is absolutely necessary. Contact a professional member of our team at Winghart Law Group by calling (650)-332-2994.