Brown Borkowski & Morrow

Free Consultation 888-757-1681

  • Home
  • Firm Overview
    • Why Hire Us?
    • Support Staff
  • Attorneys
    • Susan Leigh Brown
    • Thomas J. Borkowski, Jr.
    • Matthew N. Morrow
    • David James Eagles
    • Mary A. Mahoney
    • Sara Gorman Rajan
  • Practice Areas
    • Business & Corporate Law
    • Business Property Tax Appeals
    • Family Law
    • Estate Planning
    • Probate & Estate Administration
    • Trust Administration
    • Elder Law
    • Real Estate Law
    • Insurance Defense
  • Testimonials
  • Attorney Referrals
  • Resources
    • Articles
  • Blog
  • Contact Us
Brown Borkowski & Morrow
  • Home
  • Firm Overview
    • Why Hire Us?
  • Our Team
    • Attorneys
      • Susan Leigh Brown
      • Thomas J. Borkowski, Jr.
      • Matthew N. Morrow
      • David James Eagles
      • Mary A. Mahoney
      • Sara Gorman Rajan
    • Support Staff
  • Practice Areas
    • Business & Corporate Law
    • Business Property Tax Appeals
    • Family Law
    • Estate Planning
    • Probate & Estate Administration
    • Trust Administration
    • Elder Law
    • Real Estate Law
    • Insurance Defense
  • Attorney Referrals
  • Testimonials
  • Resources
    • Blog
    • Articles
  • Contact Us
  • X Close
Email
CALL

A GREAT LEGAL TEAM TO GUIDE YOU

How to do your due diligence for mergers and acquisitions

On Behalf of Brown Borkowski & Morrow | Nov 15, 2023 | Business & Corporate Law |

If you’re considering a merger or an acquisition in Michigan, you may want to double check that all facts are correct before finalizing a deal. You are more likely to make the right decision when you do your due diligence. Before you merge with or acquire a business, make sure you take the following steps.

Look into why the owner is selling the business

It’s challenging to verify the owner’s given reason for selling their business. You may want to check the history of the business to gain insights on what might have contributed to the owner choosing to sell. Prospective buyers usually check if the owner attempted to sell the company in the past and if it has gone through any mergers and acquisitions. They also check for past and current legal issues.

Know the current stockholder agreements

Business law protects certain rights of stockholders, so it may be difficult to obtain the information you want on your own. You may want to learn who the stockholders are and what voting agreements are in place, and you can do this by asking the current business owner.

Review all existing agreements

Other areas where there may be existing agreements include franchises, marketing, distribution, sales representatives and product testing. The business may also have to follow industry guidelines, such as building codes and those designed to reduce environmental impact.

Consider the future projections

Looking over a business model for a company along with financial statements helps you piece together the future projections. You may need to make some tweaks to help a struggling business recover. Evaluating the current staff helps you make these decisions as well. If the company has quality workers, then it’s a good sign for the potential in a turnaround. Trademarks and other intellectual property rights are desirable factors too. A lack of intellectual property wouldn’t be a deal breaker, but IP rights make a merger or acquisition more desirable.

Once you have a thorough understanding of the history of a business, its legal standing and current agreements, you are able to decide whether it’s a strategic match for you. It also gives you more negotiating power on a price. If you uncover issues that decrease the value of the business, then you can point that out during negotiations.

Key commercial lease clauses Michigan business owners must know

On Behalf of Brown Borkowski & Morrow | Jun 6, 2025 | Real Estate Law

Leasing commercial space is an important step for your business. Before signing, make sure you fully understand what you are agreeing to. A commercial lease is a contract that can affect your establishment for years. The terms can increase costs, limit your options or...

No will? What parents should know about their children’s future

On Behalf of Brown Borkowski & Morrow | Jun 4, 2025 | Estate Planning

If something happens to you tomorrow, will your children be in good hands? Estate planning may sound like a lot of work, but more than anything, it is an act of love and responsibility. It is about protecting your children’s future, ensuring their best interests long...

Probate vs. non-probate assets: What is the difference?

On Behalf of Brown Borkowski & Morrow | Jun 2, 2025 | Estate Planning

When someone passes away in Michigan and there is no will in place, their representative settles their estate according to probate laws. An essential part of that process is understanding the difference between probate and non-probate assets. Knowing what does and...

What is Michigan’s law on tenant rights and eviction?

On Behalf of Brown Borkowski & Morrow | May 20, 2025 | Real Estate Law

If you're a tenant in Michigan, understanding your rights is essential. Tenant rights laws are designed to protect you from unfair treatment and ensure that landlords uphold their responsibilities. In Michigan, there are rules that govern the landlord-tenant...

What is a special needs trust?

On Behalf of Brown Borkowski & Morrow | May 16, 2025 | Estate Planning

A special needs trust helps ensure that your loved one with disabilities receives the support they need while protecting their eligibility for government benefits. These trusts are specifically designed to preserve access to programs like Medicaid or Supplemental...

How is business debt handled during a divorce?

On Behalf of Brown Borkowski & Morrow | Mar 21, 2025 | Family Law

Going through a divorce is challenging, especially when you own a business. Business debt can complicate the process, and understanding how you’ll handle it can make a difference in your settlement. If your business has debts, it’s important to know how those...

How can companies prevent IP theft in the digital world?

On Behalf of Brown Borkowski & Morrow | Mar 7, 2025 | Business & Corporate Law

Businesses use intellectual property (IP) to stay ahead of competitors. IP includes copyrights, trademarks, patents, and trade secrets. These protect creative work, brand names, inventions, and private business information. In today’s digital world, it is easier than...

How does the bundle of rights affect property ownership?

On Behalf of Brown Borkowski & Morrow | Feb 20, 2025 | Real Estate Law

Property ownership includes more than just having a physical structure or land. The "bundle of rights" is a legal concept that explains the different rights attached to real estate ownership. These rights allow owners to use, transfer, and control their property in...

How does Michigan law address parental relocation?

On Behalf of Brown Borkowski & Morrow | Feb 6, 2025 | Family Law

Parental relocation can be a challenging issue after a divorce or custody order. Michigan law has specific rules to ensure that moving does not negatively affect the child’s relationship with both parents. If you share custody and want to move, you must follow legal...

What should seniors know about Medicaid’s look-back period?

On Behalf of Brown Borkowski & Morrow | Jan 23, 2025 | Elder Law

Understanding Medicaid’s look-back period plays a critical role in planning for long-term care. This policy directly affects eligibility for financial assistance with nursing home expenses. Proper planning avoids costly mistakes and ensures access to necessary care....

« Older Entries

Recent Posts

  • Key commercial lease clauses Michigan business owners must know
  • No will? What parents should know about their children’s future
  • Probate vs. non-probate assets: What is the difference?
  • What is Michigan’s law on tenant rights and eviction?
  • What is a special needs trust?

Categories

RSS Feed

Subscribe To This Blog’s Feed

Contact Brown Borkowski & Morrow

Brown Borkowski & Morrow


Address

37887 W 12 Mile Road
Farmington Hills, MI 48331

Ph: 888-757-1681

Farmington Hills Law Office
Brown Borkowski & Morrow


Phone

248-987-4040
  • Follow
  • Follow
  • Follow
Review The Firm

© 2025 Brown Borkowski & Morrow • All Rights Reserved

Disclaimer | Site Map | Privacy Policy | Business Development Solutions by FindLaw

Review The Firm