In this interview, Harry DiDonato, transactional attorney and business advisor at MacElree and Harvey Law Firm, utilizes his 25 years of legal experience to discuss topics, such as: business aquisition and sales, corporate matters, real estate transactions and tax planning. Mr. DiDonato also explains the unique advantage that you will gain with the assistance of a seasoned mergers and acquisitions attorney during the purchase or sale of your business.
Key Points from our Conversation
- Generally, unless otherwise specifically negotiated at the commencement of the lease, most leases prohibit an assignment of a lease from the existing tenant to a new tenant.
- Each situation is different and an analysis must be performed of each transaction prior to entering into a letter of intent or other agreement to sell or purchase a business.
- It is best to hire competent advisors that have extensive experience in the business sale process to provide objective advice and guidance throughout the appraisal and sale process.