Practice: Business Transactions

• Business Transactions

  Return of SBA 504 Debt Refinancing Loan Program

  • March 21, 2016
  • By Allen & Gooch

  A Return of SBA 504 Debt Refinancing Loan Program to Aid Development of Small Business SBA 504 Loan Program anticipated to begin mid-2016. Congress recently reinstated the Small Business Administration (SBA) 504 Debt Refinancing Loan Program. The program is expected to begin in three to four months and will allow businesses to refinance or renovate […]

• Business Transactions

  Five Signs Your Business is Ready for the Next Generation

  • January 25, 2016
  • By Allen & Gooch

  Family businesses make up 80% of all U.S. businesses, and yet only 30% of these businesses successfully survive a transition to the next generation. Dwight Drake, Closely Held Enterprises 335 (2013). One key question that many family businesses face is whether the company will survive the transition to the next generation. Here are five signs […]

• Business Transactions

  Trends in Private Equity: Hedge Funds Seek Permanent Capital

  • January 8, 2015
  • By Allen & Gooch
  

  Addressing the Problem of Redemption Rights Unlike private equity funds, hedge funds and hedge fund managers must worry about redemption rights — the right of an investor to have his or her capital investment returned. In times of economic downturn when investors may be nervous about a fund’s ability to perform, it is common for […]

• Business Transactions

  Co-owned hunting land cannot be divided, leads to partition and public sale

  • November 5, 2014
  • By Allen & Gooch
  

  Earlier this year, the Louisiana Third Circuit Court of Appeal ruled that co-owned hunting land could not be divided up and therefore had to be sold at public auction. Broussard v. Stutes Farms, LLC, 13-1122 (La. App. 3 Cir. 3/5/14), 134 So. 3d 226. The case involved two co-owned tracts of property totaling 125 acres […]

• Business Transactions

  Demystifying Term Sheets – The First Step for Closing the Deal

  • October 15, 2014
  • By Allen & Gooch
  

  So what is a Term Sheet, anyway? A term sheet is essentially an outline of a proposed transaction. This allows the parties to identify and agree (generally in a non-binding way) on the basic terms of the deal. Before the lawyers get involved to start papering the deal and performing due diligence, it is important […]

• Business Transactions

  Prescription & Trade Secrets: A Benefit To Your Business?

  • July 22, 2014
  • By Allen & Gooch
  

  Former Employee Develops Similar Technology Aspen Technology sued a former employee, who was director of technology and research, for violating a noncompete clause in his employment contract. Aspen added as a defendant, the new employer, M3 Technology, claiming tortious interference with the contract, trade secret misappropriation and copyright infringement. Aspen and M3 both develop, sell […]

• Business Transactions

  Silicon Bayou 101: Pivoting Your Business

  • July 8, 2014
  • By Allen & Gooch
  

  Small Business and Technology on the Rise in Silicon Bayou As our Sunday nights are now void of Silicon Valley, we have time to reflect on some of the legal issues addressed in the second half of the season.  Has your business experienced any of these issues in Silicon Bayou? The Importance of Branding In […]

• Business Transactions

  Think Twice Before Giving a Power of Attorney: It May Be Broader Than You Realize

  • June 9, 2014
  • By Emile Joseph
  

  Where Personal Guaranties and Power of Attorney Intersect In Gulf Coast Bank and Trust Co. v. Montoli & Pitre, LLC, ___ So.3d ___, 2014 WL 970155 (La. App. 5 Cir. 3/12/14), the principal and agent (a married couple) were members of Montoli & Pitre, LLC (“Borrower”), and in connection with a closing in which the […]

• Business Transactions

  Hart Scott Rodino 101:When You Have to Report Transactions to the Feds

  • May 6, 2014
  • By Allen & Gooch
  

  For many entrepreneurs, the opportunity to sell your company is a dream come true.  After all of your hard work, you have built something valuable that someone else would like to purchase, allowing you to start a new venture or perhaps retire.  Among all of the legal issues surrounding the sale of a business hides […]

• Business Transactions

  Choosing a Business Structure for Your Louisiana Company

  • January 13, 2014
  • By Allen & Gooch
  

  Different Types of Business Structures With several ways to structure a business in Louisiana, choosing the best structure for your business can seem like a difficult task.  Here are a few things for business owners to think about and discuss with their legal counsel when structuring their business entity. Sole Proprietorships may be easy, but […]