Commercial Transactions Category Archives — Page 3 of 3 — Kang Haggerty News Published By Kang Haggerty LLC

5 Tips to Transition Your Business to Next Generation

February 17, 2015 | Kang Haggerty LLC

As a business owner, you want to make sure that your company successfully continues for generations to come. So, when you eventually retire or step down from your position, it is important to consider how you want to proceed with passing on your business to the next generation. Consider the following five tips.

1. Highlight your goals. Do you plan on passing your business down to your family, or do you prefer to transition to a buyer? Figure out your goals behind transitioning your business well before you intend to pass on your business. You should give yourself ample time to prepare for any obstacles along the way.

2. Create a clear strategy. Create a clear exit plan strategy as you move forward with the transition. Always be sure you have this plan set before you start so you do not run into confusion while transitioning. Consider the following to include in your strategy as you prepare:

10 Ways to Legally Control Your Employees Social Media

February 17, 2015 | Kang Haggerty LLC

When considering creating a social media policy, it is important to keep in mind that you will never be able to completely control social media use by your employees. There are, however, a few ways that you can successfully create a social media policy that will allow you to place legal boundaries around media use.

1. Create a Policy and BE Informative: Notify your Employees that you are creating a policy. Keeping them informed mitigates future “I didn’t know” excuses. Also, employees have the legal right to be informed about any new policy change or creation.

2. BE Informed: Before you start drafting anything, be informed about recent legislation regarding Social Media policies and cases that have created different interpretations of existing policies. Three major examples are:

GFI Group, Inc.’s Merger with CME Group, Inc. May Prove Detrimental in the Long Run for GFI Group Stockholders

August 1, 2014 | Kang Haggerty LLC

It was announced on July 30, 2014 that Chicago Mercantile Exchange Group, Inc. (“CME”), the world’s largest future exchange operator, would purchase GFI Group, Inc. for a net price of $655 million.[1] GFI Group was targeted for its two units that would boost CME’s influence in the global market, Trayport and FENICS.[2]

5 Ways to Transition Your Business to Next Generation

June 10, 2014 | Kang Haggerty LLC

1. Define your goals. What is your ultimate goal in transitioning your business? Do you plan on funding your retirement through this transition? Is it to leave a legacy? The reason behind your desire to transition will determine how you proceed.

2. Plan & Implement Your Strategies. Create a clear plan as you move forward with the transition. Always be sure you have this plan set before you start so you do not run into confusion while transitioning. Consider the following to include in your strategy as you prepare:

a. Financial. If your goal is towards retirement, how will you be funding it? What will be your compensation as you leave the company? Be sure you highlight financial issues clearly and consult with the appropriate experts to make sure these issues are handled well.

Mergers and Acquisitions (UPDATE)

January 31, 2014 | Kang Haggerty LLC

Google is back in the news with another large sale M&A transaction, but this time, as the seller. In May of 2012, Google purchased Motorola for $12.5 billion in an effort to create a new means of producing hardware to operate the Android operating system. Well this week, it seems Google is giving up, but wishing all the best to Lenova, a strong PC business growing in the smartphone market. Google is selling its Motorola Mobility smartphone unit to Lenovo for $2.9 billion. Continue reading ›

A Market of Acquisitions and Mergers

January 23, 2014 | Kang Haggerty LLC

Many large corporations continue to flex their financial strength even in the modern economy, serving as an example to many smaller businesses that 2014 is the perfect time to expand. Recently, mega giant Google bought smart home device designing…

A Market of Acquisitions and Mergers

Many large corporations continue to flex their financial strength even in the modern economy, serving as an example to many smaller businesses that 2014 is the perfect time to expand. Continue reading ›

Getting Lost in the Woods: The PA Superior Court Decision Regarding Unrecorded Timber Contracts

August 13, 2013 | Daniel D. Haggerty

by Daniel D. Haggerty, Esquire

In Zitney v. Appalachian Timber Products, Inc., decided July 3, 2103, the PA Superior Court considered a claim for damages by bona fide purchaser of real estate against the holder of an unrecorded timber contract, who commenced harvesting timber on the purchaser’s property after the purchaser entered into an agreement of sale to purchase the property. Continue reading ›