Lawyers, Answer Questions  & Get Points Log In

Michigan Mergers & Acquisitions Questions & Answers

1 Answer | Asked in Mergers & Acquisitions for Michigan on

Q: When is the best time to sell a business?

Jonathan R. Roth answered on Jun 9, 2017

It is completely dependent on the type of business you are selling. If you are selling a seasonal business like one dependent on beach or summer vacation traffic, then before the season starts. Ultimately a well educated buyer is going to evaluate the business on its last 3-5 years of operations... Read more »

1 Answer | Asked in Mergers & Acquisitions for Michigan on

Q: If I bought a company last year and found out recently that the prior owner had left behind environmental contamination,

who is responsible for that? Our contract didn't address it.

Jonathan R. Roth answered on May 5, 2017

Did the owner disclose the existence of the contamination issue? Was he aware of it? If you own the property you are responsible, but can seek reimbursement from the prior owner especially if he caused or was aware of the contamination. I would contact an attorney in your area who is familiar... Read more »

1 Answer | Asked in Communications Law, Constitutional Law and Mergers & Acquisitions for Michigan on

Q: is it illegal for a news company to distribute fake news? Is it illegal for private individuals to distribute fake news?

Glenn B. Manishin answered on Feb 15, 2017

No and no. Individuals may have a right to sue and recover for libel/defamation however if named in and injured reputationally by fake new stories.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.