International Distribution Law
Many small and mid sized businesses choose to expand internationally gradually through distribution and/or cooperation arrangements. Various alliance models including sales agencies, distributorships as well as joint ventures and contract manufacturing arrangements are available here. This is a prudent approach that allows the business to utilize a local partners familiarity with local rules of the game, while the other party can acclimate and assimilate.
Trust and a win-win attitude should be driving the completion and implementation of all such corporate partnering arrangements. In addition, a good commercial lawyer should assist in this process and ensure the party’s expectations are aligned and the legal principles of the local jurisdiction are adequately discussed, considered and reflected in the agreement by for example risk allocation provisions.
In this process international distribution law issues must also be identified and addressed. How will the parties know whether, for example, the Uniform Commercial Code (UCC) or the EU Commercial Agent Directive applies? Galaniuk Law can help. With its deep experience in German American alliances, Galaniuk Law can assist businesses in enhancing their likelihood of success with their expansion, distribution objectives and alliances.
Financing can come from various sources, including banks, private placements, venture capital or private equity firms. The need for financing is usually driven by start-up expenses, expansion, acquisitions, working capital needs, purchase of goods from suppliers or bonding needs. Financing is granted always in the form of either debt or equity, but each financing can take on unique structural and contractual features, which will impact its ranking and risk/reward profile.
You have selected a target business, which is a privately held business, to look at more closely for a potential acquisition. This article aims to give a brief overview of what type of data you can expect review to enable a determination of the financial condition of the business, and what figures you will use to conduct your business valuation.
When forming a new company, business people are confronted with the issue of which type of business entity to select.
This article focuses on comparing the Corporation to the LLC, while recognizing that there may be other entity forms more appropriate to specific circumstances, including sole proprietorships, general partnerships, limited partnerships, trusts, and a pure contractual agreement.