Anderson Leavitt LLC Anderson Leavitt LLC 2026-03-20T17:16:10Z https://www.andersonleavitt.com/feed/atom/ WordPress /wp-content/uploads/sites/1103008/2023/02/cropped-AL-site-icon-32x32.png On Behalf of Anderson Leavitt LLC <![CDATA[5 Signs of Minority Shareholder Oppression in Pennsylvania Businesses]]> https://www.andersonleavitt.com/?p=47671 2026-03-17T12:50:40Z 2026-03-17T12:50:40Z If you are a minority shareholder in a Pennsylvania closely held corporation, you may find yourself wondering whether the actions of majority owners cross a legal line. Shareholder oppression is one of the most common business disputes in Pennsylvania — and it can be difficult to recognize until significant harm has already been done. Pennsylvania courts evaluate these disputes by examining a shareholder’s reasonable expectations at the time they invested — including expectations around management participation, access to financial information, and sharing in company profits. When majority shareholders deliberately undermine those expectations, a legal claim for shareholder oppression may arise under Pennsylvania law. Below are five warning signs that minority shareholder oppression may be occurring in your Pennsylvania business — along with additional tactics to watch for.

Sign #1: You Are Being Frozen Out of the Business

One of the clearest indicators of minority shareholder oppression in Pennsylvania is when majority owners begin excluding you from the company’s governance and day-to-day operations. In closely held businesses, most shareholders expect meaningful involvement — not just a passive ownership stake. Watch for these freeze-out warning signs:
  • You are no longer invited to — or informed of — shareholder or board meetings
  • Major business decisions are made without your knowledge or input
  • Your ability to vote on key matters or elect directors is blocked or ignored
  • Your role in management has been reduced, reassigned, or eliminated entirely
If you have gone from being an active participant in your company to feeling like an outsider, that shift alone may be legally significant.

Sign #2: The Company Is Withholding Financial Information From You

Pennsylvania law generally protects shareholders&#39; right to access company records. Under 15 Pa.C.S. §1508, shareholders may inspect certain corporate records upon making a proper written request for a legitimate purpose. When majority owners obstruct that right, it may signal oppressive intent. Common forms of financial stonewalling include:
  • Refusing to provide financial statements, balance sheets, or profit-and-loss reports
  • Delaying or ignoring formal requests to inspect the company’s books and records
  • Restricting your access to accounting records, bank statements, or tax filings
  • Failing to hold required annual meetings where financial performance is reported
Without access to financial information, you cannot determine whether your investment is being managed responsibly — or whether company funds are being diverted.

Sign #3: Compensation and Profits Are Being Manipulated

In many Pennsylvania closely held corporations, profits are distributed through salaries and bonuses rather than formal dividends. Majority shareholders can exploit this structure to redirect company earnings to themselves while cutting minority owners out financially. Red flags involving compensation manipulation:
  • Controlling shareholders receive outsized salaries, bonuses, or perks not tied to performance
  • Insiders approve compensation packages for themselves without shareholder input
  • The company claims financial losses or limited cash flow while increasing executive pay
  • Dividend payments are suspended or reduced at the same time majority owners receive windfalls
This tactic — sometimes called “dividend suppression” — effectively allows controlling shareholders to profit from the business while leaving minority owners with little or no return on their investment.

Sign #4: Your Ownership Interest or Voting Rights Are Being Diluted

Majority shareholders in Pennsylvania corporations may also take steps to reduce your ownership stake or weaken your influence over company decisions. Even when these actions appear to be taken under proper corporate authority, they may still constitute oppression if their true purpose is to harm or pressure minority owners. Tactics used to dilute minority ownership:
  • Issuing new shares primarily to insiders or affiliated parties to reduce your percentage
  • Amending bylaws or the shareholders’ agreement to strip away minority protections
  • Altering voting structures to strip minority shareholders of meaningful voting power
  • Restructuring the company in ways that diminish your economic or governance rights
These structural changes can make it nearly impossible for you to effectively protect your interests — or force you to sell your shares at an unfair price.

Sign #5: You Are Being Pushed Out or Retaliated Against

In Pennsylvania closely held corporations, shareholders often serve dual roles — as owners and as employees or managers. This overlap creates an opportunity for majority owners to weaponize employment decisions against minority shareholders who raise concerns or push back. Signs of retaliation or a squeeze-out in progress:
  • You are terminated from employment after questioning a management decision
  • Your title, responsibilities, or salary are reduced without a legitimate business reason
  • You are removed from management positions after raising concerns about company finances
  • Your access to company systems, clients, or information is revoked without explanation
Under 15 Pa.C.S. §1767, Pennsylvania courts have authority to intervene when those in control of a corporation engage in illegal, fraudulent, or oppressive conduct — including retaliatory employment actions taken against minority shareholder-employees. This type of squeeze-out is designed to make your position in the company untenable, with the goal of forcing you to sell your ownership interest at a deeply discounted price.

Other Tactics That May Indicate Shareholder Oppression in Pennsylvania

Beyond the five primary warning signs above, Pennsylvania courts have recognized several other patterns of conduct that may support a shareholder oppression claim.

Self-Dealing and Conflicts of Interest

Majority shareholders owe fiduciary duties to the corporation and to fellow shareholders. When they use company assets or opportunities for personal benefit — directing business to companies they own, approving insider contracts, or using corporate funds for personal gain — those actions may violate those duties and contribute to an oppression claim.

Pressure to Sell at Below-Market Value

A common end-goal of many oppression tactics is to pressure a minority shareholder into selling their interest far below fair market value. If the combination of freeze-outs, compensation manipulation, and retaliation is designed to make you want to exit the business, that pattern may constitute an unlawful squeeze-out under Pennsylvania law.

What Should You Do If You Suspect Shareholder Oppression in Pennsylvania?

Shareholder oppression cases rarely hinge on a single incident. Courts look for patterns — cumulative conduct that, taken together, defeats a minority shareholder’s reasonable expectations. That means documentation is critical from the moment you first notice a problem. Steps to take right away:
  • Save all relevant emails, meeting notices, and written communications
  • Keep a written log of decisions you were excluded from and dates you were denied information
  • Document any compensation changes, dividend suspensions, or unexplained financial decisions
  • Gather copies of the Shareholders' Agreement, corporate bylaws, and Articles of Incorporation
  • Note any employment changes — especially those that followed your raising of concerns
Depending on the circumstances, Pennsylvania courts may order remedies including a judicially supervised buyout of your interest at fair market value, financial damages, or other equitable relief designed to restore your rights as a shareholder.

Talk to a Pennsylvania Shareholder Oppression Attorney

If you believe your rights as a minority shareholder are being violated, you do not have to navigate this alone. Pennsylvania business law provides real protections — but acting quickly to preserve evidence and understand your options matters. Contact us at 484-535-7080 to speak with an experienced Pennsylvania business attorney about your situation.

Frequently Asked Questions About Minority Shareholder Oppression in Pennsylvania

What is minority shareholder oppression under Pennsylvania law?

Pennsylvania law recognizes shareholder oppression when those in control of a closely held corporation engage in conduct that defeats the reasonable expectations of minority owners — such as excluding them from management, withholding profits, or forcing them out of the company. Courts evaluate these claims under 15 Pa.C.S. §1767, which authorizes judicial intervention in cases of illegal, fraudulent, or oppressive conduct.

How do I know if my shareholder rights are being violated?

Common warning signs include being excluded from meetings, denied access to financial records, subjected to compensation manipulation, having your ownership interest diluted, or being terminated from employment after raising concerns. A pattern of these behaviors — rather than a single incident — is typically what courts look for.

Can a minority shareholder be forced out of a Pennsylvania company?

Majority shareholders cannot simply vote a minority owner out of the company. However, they may use indirect tactics to pressure a minority shareholder into selling — a strategy known as a squeeze-out or freeze-out. Pennsylvania law may provide remedies if these tactics are used oppressively.

What remedies are available to minority shareholders in Pennsylvania?

Depending on the facts, courts may order a buyout of your interest at fair market value, award monetary damages, issue injunctive relief, or appoint a custodian to oversee the company’s operations. An experienced Pennsylvania business attorney can help evaluate which remedies may apply to your situation. Disclaimer: This article is provided for informational purposes only and does not constitute legal advice. Reading this content does not create an attorney-client relationship. Laws may change; consult a qualified Pennsylvania business attorney for advice specific to your situation.]]> by Anderson Leavitt LLC <![CDATA[ALERT: FinCen Issues Interim Final Rule that Exempts U.S. Entities From Filing BOI Reports Under CTA]]> https://www.andersonleavitt.com/?p=47611 2025-05-05T07:11:48Z 2025-03-26T15:19:14Z FinCen Issues Interim Final Rule - U.S. Entities Exempt from Filing BOI under CTA • Earlier this week, the Financial Crimes Enforcement Network (FinCen) issued a final interim rule that exempted U.S. entities from filing beneficial ownership information under the Corporate Transparency Act (CTA).

Nonexempt Foreign Reporting Companies - Still Must File BOI with FinCen

• Nonexempt foreign reporting companies registered to do business in the United States must, in most circumstances, still file beneficial ownership information (BOI) with FinCen within thirty (30) days after their registration to do business is effective.

If you have any questions regarding compliance, or any other aspect of your business, please feel free to contact Doug Leavitt at Anderson Leavitt.

This entry is presented for informational purposes only and is not intended to constitute legal advice.

]]> by Doug Leavitt <![CDATA[Letter of Intent (LOI): A Key Step in Buying or Selling a Business]]> https://www.andersonleavitt.com/?p=47586 2025-05-05T06:09:34Z 2025-03-20T14:07:13Z A formal business Letter of Intent (LOI) used in agreements and negotiations.[/caption] A Letter of Intent (LOI) is a crucial document for any business transaction, whether you are buying or selling a company. It sets the foundation for negotiations and helps ensure both parties are aligned before moving forward with a formal contract. While an LOI is not always legally binding, it clarifies key deal terms, reducing misunderstandings and costly disputes.

Why Is a Letter of Intent Important?

For business buyers and sellers, an LOI helps:
  • Outline key terms before drafting a purchase agreement.
  • Prevent the business from being sold to another party (via exclusivity clauses).
  • Allow the buyer to conduct due diligence with confidence.
  • Provide a structured framework that streamlines negotiations.

Key Components of a Business LOI

1. Binding vs. Non-Binding Terms

  • Non-Binding: The majority of LOI terms, including the purchase price and assets included, remain non-binding until a final agreement is signed.
  • Binding: Certain clauses—such as confidentiality and exclusivity—are often legally binding to protect both parties.

2. Purchase Price & Payment Terms

  • Clearly define the total purchase price and the payment structure (e.g., cash, financing, stock, or an earn-out agreement).
  • If financing is required, specify contingency terms.

3. Due Diligence Period

  • Buyers need access to financial records, contracts, leases, and tax documents.
  • The LOI should outline an exclusivity period during which the seller cannot negotiate with other buyers.

4. Excluded Assets & Liabilities

  • Identify assets not included in the sale, such as cash, personal vehicles, or specific equipment.
  • Exclude liabilities such as outstanding debts or employee-related obligations.

5. Closing Conditions & Contingencies

  • Common conditions include:

6. Restrictive Covenants

  • Many LOIs include non-compete and non-solicitation clauses, preventing the seller from starting a competing business after the sale.

FAQs: Letters of Intent for Business Transactions

Q: Is a letter of intent legally binding?

A: Most LOIs are not legally binding, but certain clauses—such as confidentiality and exclusivity—may be enforceable.

Q: Do I need a lawyer to draft an LOI?

A: Yes. A business attorney ensures your interests are protected and helps avoid costly legal mistakes.

Q: Can a letter of intent be revoked?

A: Yes, unless specific binding clauses state otherwise. However, revoking an LOI after extensive negotiations may harm business relationships.

Why Work with Anderson Leavitt?

Navigating a business transaction without legal guidance can lead to costly mistakes. At Anderson Leavitt, our Pennsylvania business attorneys have extensive experience assisting business owners with LOIs, negotiations, and purchase agreements. 📞 Contact us today for a consultation on your business transaction. This entry is presented for informational purposes only and is not intended to constitute legal advice.]]> by Doug Leavitt <![CDATA[NEW JERSEY PAY TRANSPARENCY LAW EFFECTIVE JUNE 1, 2025]]> https://www.andersonleavitt.com/?p=47575 2025-03-03T18:04:15Z 2025-03-03T18:04:15Z Pay Transparency Requirements for New Jersey Job Postings The Pay Transparency Law requires covered New Jersey Employers to disclose the hourly wage or salary or a range of the hourly wage or salary, and a general description of the benefits and other compensation available during the first year of employment.  The law also requires employers to make reasonable efforts to post internally or make otherwise known to existing employees opportunities within their department that are advertised internally or externally.  The foregoing does not apply to internal promotions based upon performance or years of service.

Covered New Jersey Employers

New Jersey employers with 10 or more employees over 20 calendar weeks are covered under the new law.  Unfortunately, the law does not specify if the 10 employee minimum includes employees that are not located in New Jersey.  For example, a small employer with 9 employees located in New Jersey may fall under this law if it has a 10th employee who works from home who lives in Pennsylvania.

Enforcement of New Jersey Pay Transparency Law

The Commissioner of Labor and Workforce Development has responsibility to enforce compliance with the New Jersey Pay Transparency Law.  There is no private right of action.  A first time offense will result in a civil fine in the amount of $300 and all future violations will be fined at $600 for each offense thereafter.

Employers Next Steps

Employers should meet internally with human resources or whoever is in charge of hiring and familiarize staff with these new legal requirements.  Make sure if you work with recruiters that they are also familiar with the new requirements.   If you have any questions regarding compliance with the New Jersey Pay Transparency Law, or any other aspect of your business, please feel free to contact any of our business attorneys at [nap_names id="FIRM-NAME-3"]. This entry is presented for informational purposes only and is not intended to constitute legal advice.]]> by Doug Leavitt <![CDATA[ALERT : CORPORATE TRANSPARENCY ACT : FinCEN REINSTATES BENEFICIAL OWNERSHIP REPORTING]]> https://www.andersonleavitt.com/?p=47565 2025-05-05T07:14:03Z 2025-02-25T19:36:19Z FinCen reinstates BOI reporting deadline as follows: • For the vast majority of reporting companies, the new deadline to file an initial, updated, and/or corrected BOI report is now March 21, 2025. FinCEN will provide an update before then of any further modification of this deadline, recognizing that reporting companies may need additional time to comply with their BOI reporting obligations once this update is provided. • Reporting companies that were previously given a reporting deadline later than the March 21, 2025 deadline must file their initial BOI report by that later deadline. For example, if a company’s reporting deadline is in April 2025 because it qualifies for certain disaster relief extensions, it should follow the April deadline, not the March deadline. (FIN-2025-CTA1  2/18/2025)

If you have any questions regarding compliance, or any other aspect of your business, please feel free to contact Doug Leavitt at Anderson Leavitt.

This entry is presented for informational purposes only and is not intended to constitute legal advice.

]]> by Anderson Leavitt LLC <![CDATA[ALERT : CORPORATE TRANSPARENCY ACT : BENEFICIAL OWNERSHIP REPORTING ON HOLD]]> https://www.andersonleavitt.com/?p=47545 2025-03-21T21:04:03Z 2025-01-27T19:17:46Z FinCen): In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports. On January 23, 2025, the Supreme Court granted the government’s motion to stay a nationwide injunction issued by a federal judge in Texas (Texas Top Cop Shop, Inc. v. McHenry—formerly, Texas Top Cop Shop v. Garland). As a separate nationwide order issued by a different federal judge in Texas (Smith v. U.S. Department of the Treasury) still remains in place, reporting companies are not currently required to file beneficial ownership information with FinCEN despite the Supreme Court’s action in Texas Top Cop Shop. Reporting companies also are not subject to liability if they fail to file this information while the Smith order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports. If you have any questions regarding compliance, or any other aspect of your business, please feel free to contact Doug Leavitt at Anderson Leavitt. This entry is presented for informational purposes only and is not intended to constitute legal advice.]]> by Doug Leavitt <![CDATA[CORPORATE TRANSPARENCY ACT – BENEFICIAL OWNERSHIP REPORTING REQUIRED]]> https://www.andersonleavitt.com/?p=47534 2025-05-05T07:12:52Z 2024-12-27T20:16:51Z blog  posted earlier this month, Anderson Leavitt LLC informed its readers that a the Texas court issued a nationwide injunction enjoining the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCen”) from enforcing beneficial ownership information ("BOI") reporting requirements under the Corporate Transparency Act's ("CTA").  As a result, business entities did not have to report BOI to FinCen by year end under the CTA..

Nationwide Injunction Lifted

On December 23, 2024, the Fifth Circuit Court of Appeals granted the  US Government's motion to stay the nationwide judgment with the result being that BOI reporting requirements under the CTA are reinstated.

New  Reporting Company BOI deadlines:

  • Reporting company created or registered prior to January 1, 2024: new reporting deadline is January 13, 2025 (would otherwise have been required to report by January 1, 2025).

  • Reporting company created or registered in the U.S. on or after September 4, 2024, that had a filing deadline between December 3, 2024, and December 23, 2024: new reporting deadline is January 13, 2025.

  • Reporting company created or registered in the U.S. on or after December 3, 2024, and on or before December 23, 2024: reporting deadline extended an additional 21 days from original filing deadline.

  • Reporting company created or registered in the U.S. on or after January 1, 2025: reporting deadline is 30 days after receiving actual or public notice that creation or registration is effective.

If you have any questions regarding compliance, or any other aspect of your business, please feel free to contact Doug Leavitt at Anderson Leavitt. This entry is presented for informational purposes only and is not intended to constitute legal advice.]]> by Doug Leavitt <![CDATA[Corporate Transparency Act Update – Beneficial Ownership Information Reporting Not Required]]> https://www.andersonleavitt.com/?p=47527 2025-05-05T06:08:43Z 2024-12-04T21:28:28Z blog posted earlier this year, Anderson Leavitt LLC informed its readers that a federal court ruled that the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCen”) did not have jurisdiction to enforce the Corporate Transparency Act's ("CTA") beneficial ownership information ("BOI")  reporting obligations.  We were careful to advise that the court's ruling only extended to the plaintiff in that specific case and while we stated that compliance with the CTA would likely be extended, we indicated the smart approach would be to begin compliance as the fines and penalties for noncompliance would greatly outweigh the small administrative burden of actual compliance.

Nationwide Injunction Issued

Yesterday, December 3, 2024, the Texas court issued a nationwide injunction enjoining FinCen from enforcing BOI reporting requirements under the CTA.  As a result, business entities do not have to report BOI to FinCen.  Most likely the Department of Justice will appeal this decision but for now, compliance is not required.  As of this posting, FinCen has not commented on this recent decision. If you have any questions regarding compliance, or any other aspect of your business, please feel free to contact Doug Leavitt at Anderson Leavitt. This entry is presented for informational purposes only and is not intended to constitute legal advice.]]> by Doug Leavitt <![CDATA[UPDATE : FTC Ban on Non-Competes Blocked]]> https://www.andersonleavitt.com/?p=47505 2025-03-21T21:05:45Z 2024-08-22T18:29:33Z non-compete agreements.  The FTC's ban was set to go into effect next month, but the court's ruling blocks this from happening.  (Click here for an earlier blog on the FTC ban.) The Court found that the FTC Rule was overly broad and the FTC exceeded its authority in enacting the ban.  As a result, nationwide, non-compete agreements are still legal and enforceable obligations subject to each state's specific laws on non-competes. Going forward business owners must understand that enforceability and the legality of non-compete agreements vary significantly state to state. If you have any questions regarding non-compete agreements or would like to discuss other approaches to protect your interests, please feel free to contact either David Anderson or Doug Leavitt at Anderson Leavitt. This entry is presented for informational purposes only and is not intended to constitute legal advice.  ]]> by Doug Leavitt <![CDATA[Why You Need a Letter Of Intent For Your Business Transaction]]> https://www.andersonleavitt.com/?p=47450 2025-03-21T21:07:02Z 2024-04-16T13:00:05Z sale or merger. As this suggests, the LOI comes into play relatively early in the negotiation timeline. Often, it is the first step after a buyer expresses interest and the broker or business listing makes an initial price offer. This indicates that the proposed transaction has moved past informal discussions and an indication that negotiations have become serious. A well-written LOI will make clear the details of the potential transaction and often contains some binding language, such as an exclusivity clause taking the business or other asset off the market while the proposed buyer performs due diligence. Set forth below is a list of deal points that a typical LOI might address. Please understand that this is not an exhaustive list and the transaction will dictate what should or should not be in a LOI. It is important that you engage legal counsel before you sign a LOI and not after.

Binding And Nonbinding Terms In The LOI

Most LOIs would have both binding and nonbinding terms. The proposed transaction terms should be nonbinding, allow the parties the opportunity to complete due diligence and reduce detailed transaction terms to writing. The parties must be careful and not to make the LOI the definitive and binding written agreement for the transaction. There have been instances where courts held that if a LOI contained all required material terms and did not have protective language to the contrary, the LOI was the operative agreement and held the parties to the business terms (e.g., a potential buyer was obligated to buy a company after signing a LOI). Language makes it clear that both parties understand the LOI is not a final contract and that the terms contained within have not been finalized yet. You also want to make certain terms in a LOI binding. For example, confidentiality and exclusivity are important terms to consider. The potential buyer will want to take the target “off the market” for a defined period of time while it invests time and money in a due diligence investigation.

Identify Basic Transaction Terms

Identify the basic asset (or stock) being sold, including goodwill, intellectual property (if any) and the key agreements that would be assumed, such as real estate, equipment and/or license agreements. An exact and clear identification of the asset being sold can avoid surprises or misunderstandings later on.

Purchase Price

Clearly identify the purchase price and all of its components. What is the total value of the consideration and how will it be transferred? Deposit, cash at closing, promissory note, stock, earn-out agreement?

Financing

Is the transaction contingent on securing financing? If so, consideration should be given to identifying the amount needed to acquire the assets and operate during a transition period while accounts receivable buildup. What interest and repayment terms would be acceptable?

Purchase Price Adjustments

An adjustment to the purchase price would be needed when there is a period of time between signing the agreement of sale and closing. During this time, the seller would be obligated to operate the business in the ordinary course with the aim of keeping both work in process and inventory within an acceptable level. To the extent this does not happen, adjustments to the purchase price would need to be made at closing.

Excluded Assets

Clearly identify what assets would be excluded from the sale. Aside from cash, accounts and receivables, are there any specialty items that would not be transferred? Specific vehicles or equipment?

Excluded Liabilities

Identify and exclude employee liabilities, including unpaid wages, through closing or underfunded pension plans. Bulk sales tax laws should be considered as well as state and federal taxes in general. Environmental liabilities. Outstanding obligations under any real estate leases would need to be addressed. How would indemnification operate in relation to the foregoing?

Costs & Expenses

Clearly state that each party would be responsible for its own transaction costs and expenses.

Due Diligence

What information would be required to comply with due diligence? Access to records, bank transactions, employees, customers and premises would need to be considered. Would real estate be altered and if so, who would have the responsibility to return the property to preinspection condition? Would the seller have the right to view a copy of the report? Under what circumstances would either party have the ability to terminate the agreement? How would this impact any initial payment?

Restrictive Covenants

Restrictive covenants that focus on competition, solicitation and disparagement should be considered. This is especially important given the growing trend of disfavoring these types of restrictive clauses. Can a narrowly tailored confidentiality agreement provide more protection?

Required Third Party Consents

Are third party consents required for the transfer of key contracts? This may be a long lead time item. For a detailed discussion, please review our prior blog on this topic by clicking here.

Contingencies

Contingencies include anything that the buyer expects (or needs) to happen before they can close the purchase, such as securing financing or receiving documents from the proposed seller that help determine the business's profitability. When such contingencies are laid out, the process becomes more predictable for both sides. Trying to work out a LOI between you and the other party alone, having a business attorney work with you on negotiation and drafting can be crucial for avoiding mistakes. Even seasoned business owners and investors can fail to consider every potential roadblock and detail. Our attorneys have assisted hundreds of clients with negotiating, drafting and reviewing LOIs. Our representation at this phase of the sale can make the process significantly smoother and in line with your business goals.   These are just a few of the considerations that the business-minded attorneys at [nap_names id="FIRM-NAME-1"] consider when we represent our clients in their business transactions. The LOI is not just a boilerplate document but a carefully thought-out approach that guides the transaction.  

Contact Anderson Leavitt Today

If you have any questions regarding your need for a letter of intent, or any other aspect of your transaction, please don't hesitate to contact any of our business attorneys at [nap_names id="FIRM-NAME-1"]. This entry is presented for informational purposes only and is not intended to constitute legal advice.]]>