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Eric Thiergood
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Wait… Lawyers Do That?

Since the founding of the Strong Firm P.C. in 2004, we have prided ourselves on not only providing excellent legal services, but also playing a large role in our community. Every year I have the opportunity to speak to area students from first grade through college grad students on legal-related topics. Though the complexity varies Read More

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But You are My Attorney, not My Dentist…

Preventive maintenance for your entity from a legal perspective   “An ounce of prevention is worth a pound of cure.” ‘De Legibus’ (c. 1240) by English Jurist Henry De Bracton   Potential Client:       “I have owned a limited liability company for several years. I haven’t had any issues, but someone is interested in investing in Read More

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But I Can Do it by Myself for Less…

When handling it yourself is not a good idea from a legal perspective   “It’s unwise to pay too much, but it’s worse to pay too little. When you pay too much, you lose a little money — that is all. When you pay too little, you sometimes lose everything…” Common Law of Business Balance Read More

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What’s Good for the Goose…Part 4d

The Market Approach of Valuing a Business for Sale In Part 4d of our series “The Components of a Business Purchase and Sale from the Buyer’s and Seller’s Perspective” we will examine the “Market Valuation” approach as the third and final valuation method for buying a business. The two other valuation methods, the income valuation Read More

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Risk of Buying a Property at a Foreclosure Sale

  Client:                           “I’m buying a foreclosure property.” Attorney:                      “OK, when is the sale?” Client:                           “Tomorrow” Attorney:                      “Have you completed any due diligence on the property?” Client:                           “Well…I drove past the property a couple of times.” Attorney:                      [after a long pause] “I am going to take that as a no.”   What is a “foreclosure Read More

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What’s Good for the Goose…Part 4c – The Income Approach of Valuing a Business for Sale

Part 4c – The Income Approach of Valuing a Business for Sale In Part 4c of our series “The Components of a Business Purchase and Sale from the Buyer’s and Seller’s Perspective” we will look at the “Income Valuation” approach as the second of three valuation methods for buying a business to be reviewed in Read More

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If You Kill Superman, Clark Kent Dies Too… Understanding the danger of an alter ego from a legal perspective.

If You Kill Superman, Clark Kent Dies Too… Understanding the danger of an alter ego from a legal perspective. A conversation that happens far too often with new clients looking for legal help for their new business: Client:           “I’ve started a new business and I’d like to have a lawyer handle the legal parts of Read More

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What’s Good for the Goose… Part 4b – Reaching an Agreement on the Purchase Price

Part 4b – The Asset Valuation Approach of Valuing a Business for Sale In Part 4b of our series “The Components of a Business Purchase and Sale from the Buyer’s and Seller’s Perspective” we will look at the Asset Valuation approach as the first of three valuation methods for buying a business to be reviewed Read More

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What’s Good for the Goose… Part 4a – Reaching an Agreement on the Purchase Price

In Part 4 of our series “The Components of a Business Purchase and Sale from the buyer’s and seller’s perspective” we will discuss the various ways of reaching an agreeable price for the purchase and sale of a business. As used throughout this series, the old adage “What’s good for the goose, is good for Read More

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What’s Good for the Goose… Part 3b – Stock Purchase, the Buyer’s Perspective

In Part 3b of our series “The Components of a Business Purchase and Sale from the buyer’s and seller’s perspective” we will discuss both disadvantages and advantages of a stock sale from the buyer’s perspective.  As previously discussed, in a stock sale or a membership interest sale (in this article both called a “stock sale”), Read More

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