There are two main types of mergers. The first is a merger by union where the old companies are extinguished, and a brand-new entity is established. The second is a merger by incorporation where one company is absorbed by the other.
Both types require the drafting of a merger plan, complete with reasons for the merger and the financial position of each entity involved. PFL provides strategic counsel on all of the aspects involved with mergers – also evaluating potential issues which might emerge at a later date.

When an entrepreneur transfers an entire company to another person, this is referred to as a transfer of business. Just like with mergers, there are preliminary steps which must be taken before an operation can be completed. The work of our firm is to help facilitate the legal aspects of the necessary intermediate steps – including counsel on the state of existing contracts as well as receivables and payables – before the final contract is drafted for signature.

PFL can provide strategic counsel in terms of developing and implementing generational handover plans in order to help facilitate the change of management and ensure that corporate know-how is not lost in the process.
Without a professional guide in this area, there is potentially a higher risk that a business crisis could emerge in the future.