Business mergers and acquisitions are complex transactions that have the potential to drastically transform companies’ policies and priorities. Since mergers and acquisitions often affect a company’s most valued stakeholders—from investors to employees and consumers—business owners could be liable for damages if they do not do their due diligence before approving a deal.

Preparing for a Merger or Acquisition

Due diligence normally commences when the interested parties sign a letter of intent or other formal agreement detailing their plan.

Before approving a merger or acquisition, you should initiate a careful investigation of:

How an Attorney Can Help

Even small businesses must perform due diligence before merging with or acquiring another company. If you do not carry out due diligence, you might end up saddled with another business’s debts—or even be accused of wrongdoing by your own investors.

An experienced Michigan business attorney could help you conduct a careful overview of the risks, benefits, and legal obligations inherent to a merger or acquisition.

The Cronin Law Firm has the experience, resources, and expertise needed to oversee a business merger or acquisition. Please send us a message online today to discuss your options.

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