When developing a business plan, few entrepreneurs see a merger in the near future. Why is this? Merging often requires relinquishment of ownership, a decrease in control, and potentially and increase in overall risk. However, more and more businesses today are finding that merging can increase revenue and decrease unnecessary expenses because of the synergies that can be created. With the assistance and counsel of an experienced lawyer San Antonio can depend on, mergers can go off without a hitch, so to speak. What seems like a daunting and ominous task can become a financial and business dream with the right San Antonio law firm by your side. Of course there are disadvantages and advantages to any venture, however the main aspects to focus on are the aspects surrounding the merger itself.
Once a business is set on merging with another organization it is important to ensure that the values and ethical codes your business operates under are also understood and respected and hopefully replicated, by the company with which yours is merging. A conflict of values can mean a messy battle in the long run and require litigation with lawyers in San Antonio, which process can often be extraordinarily expensive.
Additionally, it is generally advisable to make plans to communicate decisions and potential implication of the merger within your office. Ensure that each employee is respected during the merger and any concerns are met with appropriate time and care. Initiating systems and activities, which processes often promote interoffice banter and casual conversation, can be a key and necessary component in ensuring that employees respect and understand where each team member is coming from. Most employees will be familiar with a certain type of setting and work family, it is important to not push but encourage new office relationships to develop.
Of course the most important aspect of a merger is retaining counsel form a San Antonio law firm who can oversee and advise you each step along the way. A business becomes a family, when it involves people and memories. Merging can make a huge impact on a business owner’s life and it is important to retain a San Antonio attorney with a record of professionalism and detailed attention. The San Antonio law firm of Shumway Van has attorneys familiar with merging acquisitions and can help you in your merging needs. Our consultations are free and are available for appointment by calling (210) 503-2800.