Take Over Ownership of Existing Entity

Our client was an individual business person who operated a regional division of a large, international company. His objective was to take over ownership of the entity he managed and oversaw on his own. At the same time, the client wished to maintain close corroboration with the parent entity and continue to sell and service its software products. In order to do so, he required the formation of a new company and the creation of partnership and related agreements that would permit smooth, continuing operations. His critical objective was a seamless transition in business operations such that customers could continue to receive high quality products and services without complications during or after the transition. Achieving this goal required employees in the regional division to transfer to the new entity under our client’s supervision and management.

Result:  After addressing several complexities that arose during negotiations and contract drafting, we successfully helped the client create the several contracts needed to achieve his objectives. He soon was owner of his new business, which continued its successful operations without a hitch.