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Florida Mergers & Acquisitions Questions & Answers

1 Answer | Asked in Mergers & Acquisitions for Florida on

Q: If an agreed upon merger ends up not happening because one company pulls out last-minute, what are the other company's

remedies?

Stefan Dunkelgrun answered on Sep 16, 2018

that depends entirely on what kind of interim agreements the two companies had.

2 Answers | Asked in Business Law and Mergers & Acquisitions for Florida on

Q: I am purchasing a tax/accounting business near Sarasota, Florida. I need an attorney for advice.

The sale is going through a broker. What type of lawyer do I need? And what should I look out for. I received a sample letter. Would like to review with attorney as well as any other documents that may come up as well as due diligence of the business.

Andrea Wheeler answered on Jul 20, 2018

You will need a business lawyer. Look for one that concentrates in business law so that they will have experience with purchases.

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Q: Can a bankruptcy court go back and tell a corporation they have to compensate smaller stockholders

I owned stock in a oil drilling company think it was ocean rig there was a bunch I would have to call fidelity to be 100% sure. Bought the stock800-900 shares for a buck each when oil tanked. They restructured right as oil bottomed out got out of anyone who had like less than 10000 shares and now... Read more »

Timothy Denison answered on Jul 6, 2018

The court has the power to consider such repayment as you ask, but it is highly unlikely they would exercise it based on the above.

1 Answer | Asked in Business Formation, Business Law and Mergers & Acquisitions for Florida on

Q: Can a not-for-profit organization exist by just donating all of its profit instead of taking specific actions?

We have a for-profit LLC that we wish to convert it into a not-for-profit organization. We sell physical products and donate 100% of our profits already.

We would like to know if it is possible for a not-for-profit organization to be legal and retain its status if instead of doing the... Read more »

Andy Wayne Williamson answered on Feb 16, 2018

Short answer. Maybe. However this question is beyond the scope of this site.

You need to consult with a business law attorney on this issue as it is more complex than just a simple yes or no answer.

1 Answer | Asked in Contracts, Mergers & Acquisitions, Business Law and Real Estate Law for Florida on

Q: Sale of mobile home cooperative: what percentage positive vote is required to accept offer to buy.

Andy Wayne Williamson answered on Jan 24, 2018

No way to say here online. First step would be to have an attorney review the MH cooperative documents as they should set such requirements.

Good luck,

2 Answers | Asked in Contracts, Mergers & Acquisitions and Business Formation for Florida on

Q: How do I structure a 501c3, when my plans are to grow to national and hyper-local chapters?

I am starting a non-profit corporation in the state of Florida, with the intention of applying for 501c3 status. My vision is to grow this non-profit into a nationwide organization, with responsibility for directing the activity of a “chapter” in each state overseeing a “chapter” in each... Read more »

Andy Wayne Williamson answered on Jun 14, 2017

I suggest that you hire a business attorney to work with you through this process and get specific one on one advice face to face. This is a large goal that you have which is great but you need to get an attorney on board now and build the structure as you go forward.

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1 Answer | Asked in Mergers & Acquisitions and Business Law for Florida on

Q: Would a UCC search on an entity show me all liens, warrants, and the like available in public records for that entity?

Jonathan R. Roth answered on May 25, 2017

It will show you all commercial liens, but not necessarily all warrants or judgments or attachments. Likewise, it will not show you state or federal tax liens or liens against real property. Tax liens you need to check with the state and federal government sites. IRS liens can be searched at the... Read more »

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