Exit Planning: A Tale of Two Companies

Estella Havisham and Abel Magwitch each founded construction companies as C corporations in the mid-1980s, in similar but non-competing markets. In the early 2000s, Estella and Abel each decided that they wanted to retire and exit their businesses by 2010. In 2002,...

Exit Planning for Small and Mid-Sized Businesses

Many business owners have only a vague idea of how they will exit from their current businesses. They have a general notion that when the time is right they will sell their business and retire or that their children will take over the business someday. Many business...

What is Due Diligence in Commercial Real Estate?

  WHAT IS “DUE DILIGENCE”? The purpose of a due diligence investigation is to enable the buyer to discover as much as possible about the property before he or she is obligated to buy it.  This includes discovering information that the seller may not want the buyer to...

Small Practices Not Immune from HIPAA Enforcement

Small medical practices who think they don’t need to worry about HIPAA privacy and security compliance had better think again.  A 6-physician practice in the Chicago area recently paid the U.S. Department of Health and Human Services $31,000 to settle alleged...