Calgary Company
Corporate Business Law

Starting a Company

Business Incorporation

Shareholders Agreement

Buying a Company

Due Diligence

Asset Purchase

Share Purchase

Selling a Company

Legal Management

Contractual Arrangements

Expanding the Company

Joint Venture / Partnership

 

 

DUE DILIGENCE FOR CALGARY COMPANIES

The process of acquiring a company begins with the assessment of the underlying business. This is a critical investigatory process, that is commonly referred to as the due diligence phase.

The stark reality, borne by professional experience, is that such investigatory work tends to be inadequately performed (often in a misdirected desire to save money). Instead, due to a desire to make the business deal work, only the best aspect of the business perceived, with the possibilities being prominent and the weakness being discounted or excused. Yet, the reality is that most target businesses are not necessarily as strong as the purchaser may want them to be, and that is where the involvement of the correct legal professional becomes essential.

With experienced legal counsel, you can gain a better and more thorough understanding of the target business, with particular emphasis upon its flaws and weakness. An experienced business acquisition lawyer understands that he assumes the role of the 'devil's advocate', being pessimistic and cautious as to the prospects of the particular acquisition. He therefore scrutinizes the legal and commercial aspects of the underlying operations and its business relationships, so as to identify aspects that may need to be redressed or altered prior to proceeding with the deal.

Although there is much that won't be revealed or may not have presently developed so as to be identifiable, nevertheless the investigation and input of experienced legal counsel in the the due diligence process and business assessment can be critical to concluding whether or not you buy a particular company, at what price and subject to what conditions. For not only can the lawyer assist in the negotiation of contractual terms and price, it facilitates the determination as to whether or not to proceed with the deal and if the deal is completed than what strategies would be beneficial to advancing the company as it moves in the wake of the completed business acquisition.

Throughout this process, experienced legal counsel plays a substantive role in assisting and guiding the company's leadership with the effective pursuit and implementation of its business objectives. Such experience is the hallmark of the legal practice of Christopher Neufeld of Neufeld Legal P.C., with our legal practice being focused upon corporate matters that would assist in the advancement of Calgary companies. To learn more about how we can be of assistance to your company's progress or to schedule a meeting, contact us at 403-400-4092 or Chris@CalgaryBusinessLawyer.ca.

Making a commitment to providing effective legal services to corporate leadership through the various phases of a company's existence, from its inception through its operational management and engagement in key strategic moves to the purchase and sale of the company (mergers, acquisitions and divestitures). What we strive to provide is the legal insight and direction that comes from years of working with a multitude of corporations, sole propreitorships and partnerships in advancing their business objectives. Our mailing address is Neufeld Legal P.C., 144 - 4th Avenue SW, Suite 1600, Calgary, Alberta T2P 3N4. Legal Disclaimer. Privacy Policy. © 2013.