Asked in Contracts for Tennessee

Q: Mergers & contractual agreements: regarding agreement from both parties: details on how & when ea name Is to used

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1 Lawyer Answer
Mr. James Charles Wright
Mr. James Charles Wright
Answered
  • Knoxville, TN
  • Licensed in Tennessee

A: In a merger there is a surviving entity and the other does not. Either name or a new name could be used- by a name change. If you want to preserve both names and use one as a d/b/a you can do that as well. You also don't necessarily have to do a merger. One entity can by the assets or the ownership interest in the other entity. There are tax issues and liability issues related to how the transaction is structured. I am sorry I can't help more- but I am just not sure as to your question.

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