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Seized properties for sale in online auction

When it comes to real estate, generally, the available properties for sale are priced at a competitive value for the market. This gives a standard to salable properties that one can expect to pay more for more property for better features. Whether for the sale of residential properties or commercial properties, this tends to hold true. However, occasionally there are instances or opportunities in which a person can purchase a property for less than market value.

Each Wednesday of the month, the city of Baton Rouge holds an auction to sell properties that have been seized. These properties were seized when the owners of the properties did not pay their taxes. To help them sell the properties, the city of Baton Rouge partners with a New Orleans-based company that allows prospective buyers to place bids online for tax adjudicated properties, many abandoned and in a less-than-attractive state. However, a little elbow grease and effort could prove to be the perfect solution for the buyer looking for a deal on a property.

What is there to know about forming an LLC?

Whether starting a business or reorganizing an existing business, there is much to consider about this decision. Using the proper formation for a business can make all the difference and give your business a competitive edge in the beginning. Since over half of all new businesses fail, one could use any advantage they can take ahold of. One advantage for a new business could be an LLC business formation.

First of all, for those that are new to the process, every business must pick a business formation to organize themselves under. Each business formation has pluses and downsides, many of which are applicable to different industries and business focuses. One such business formation, the LLC or limited liability corporation, is a relatively new business formation type that has been popular for business due to its benefits. In the past, companies may have organized under an S-corp or small corporation, but this doesn't necessarily offer as many tax benefits or legal protections.

What are exit strategies to retirement for small business owners?

There is something special about building something and seeing it succeed. This is true of anything in life, but especially if you have built a business from the ground up. Any business owner knows that it takes much blood, sweat and tears to see it succeed. As with anything that has grown and matured, a person may decide that it's time to move onto the next facet of their life, like retirement. What are the options for exit strategies pertinent to a small business?

Based on a person's goals and succession plan, there could be a range of possibilities for an exit strategy from a Louisiana small business. If an owner has family members or valued employees, you may want to think about who could best run or own the business after you are through. If you want to release ownership, but want to be compensated appropriately for your business and what you've built, you may start shopping it around to your competitors or other business owners in the area. If you still want to have a hand in the decision making process of the business, but don't want to deal with the day-to-day activities, there are specific initiatives that allow you to be more of a satellite owner.

Mergers and acquisitions could mean competitive negotiation

Business is business, or so they say. Often being a manager or owner of a business can come with instances of competing interests and situations in which businesses collide. If your business is looking to merge or be acquired or acquire another, there are often situations of have or have not. This is because these instances force companies to barter, negotiate and set terms that benefit them.

Of course, what benefits one company may directly negatively impact the other. This is where merging and acquiescing can get tough. It is imperative to have someone on your side who can help a business through these instances that often require in-depth negotiation. At Dale M. Maas Attorney at Law, we look out for our clients and their needs when pursuing business litigation.

Property seized by government port officials, owner contests

Under the Constitution, citizens of this great nation have rights when their private property lands in the hands of government control. This is a way to separate business from government control and has served our country well so far. Sometimes the government and private business butt heads when there are competing interests. A Louisiana company has filed suit against the government for what they claim to be an illegal takeover of their business and property.

The plaintiff alleges that defendant, government authorized St. Bernard Parish port officials, trampled on Louisiana's eminent-domain laws when they seized a privately run port operation along a mile of the Mississippi River. The plaintiff had amassed riverfront land and developed five deepwater berths there over decades. $16 million in state funds were utilized to take over the property. Now, the property is under port control and leased to another firm that also runs publicly owned port facilities in the area.

Small business structures offer different benefits, drawbacks

Whether you are soon-to-be new business owner or an experienced business owner starting a new venture, there is more to starting a vision than the creative vision. There are some not-so-exciting details, like deciding on a business structure, that can have a huge impact on the success of your small business. Essentially, choosing a certain business structure can negatively or positively impact your business in ways that you may not have even know were possible. There are several options to choose from.

One popular business formation option in recent years has been the LLC or limited liability company. While these can be more work to create and maintain, they can have favorable tax incentives. They also protect the owners of the business from liability better than some other business formation plans. This can be especially appealing if you are starting a business in a high-risk field like the medical field or other industries in which one could face a lawsuit.

Thinking about merging your Baton Rouge business with another?

If your business is ready to take the next step and merge with another business, that's great! For a business to be profitable enough or desirable enough to be attractive to a competitor or someone similar in the industry is a compliment. As the owner of a small business, you have likely worked very hard to build the business into what it is today. There are lots of angles to consider when thinking about beginning a merger of a business.

A merger is a business transaction that morphs two businesses into one. This can help them to achieve more financial success than had they been two separate businesses, often competing against one another. Larger companies often have more bargaining power with suppliers and can often achieve high profit margins. Before merging your company with a new one, it's important to understand their financial snapshot to ensure they are a healthy and desirable business.

Timing is everything when selling a La. small business

Trying to understand just how much your business is worth on any given day can be difficult. Owning a business doesn't mean a person has a grip on actual valuation of a business. This is because a business's worth is based on a variety of factors including assets, liabilities, potential growth and market conditions, to name a few. So in short, that's totally normal not to have an accurate number, but rather a range, of what a business might be worth.

For those looking to sell a business, they would prefer their business to be valued at the top of the range, in hopes of getting top dollar for the business they built. Timing is everything when it comes to selling a business as external factors, outside of owner control, can greatly impact the sale of a business. However, since these factors can't always be controlled, it is important to get top dollar when selling a business. Of course, the buyer would rather get a bargain so negotiations often take place between buyer and seller until a deal is struck that benefits both parties.

Baton Rouge real estate broker makes acquisition

With the real estate market booming in many areas, it is a good sign for the rebound of the economy. Beyond that, it helps for those employed in that area of business and for those who own real estate firms to prosper and grow. One Baton Rouge firm seems to have no problem with their growth and expansion. Berkshire Hathaway has acquired Wayne Clark Realty.

The exact terms of the deal were not disclosed, and it was not required as they are a private company. The acquisition is part of a regional expansion strategy as the company just finished a small business merger of two firms in the area. Growth seems to be their strategy indeed, with Berkshire Hathaway being the fourth largest real estate company in the country. The brokerage started with 15 agents and has since grown to 55.

Labor lien could affect the sale or purchase of property

Purchasing or selling a property, structure or other commercial property is a process. Depending on the property, a commercial property could come with a slew of responsibilities or aspects to consider whether you are buying or selling. If you are buying, you naturally want to be especially cautious that the property you are buying is sound and ready to be taken ownership of. One thing that could stand in the way of this is a labor lien, if one exists on the property or structure.

A labor lien, sometimes known as a construction lien, functions and exists in a way to protect subcontractors. In places where they are recognized, like in Louisiana, parties that are contracted to build or repair property may obtain the right to seize the property they built or repaired if the owner fails to pay them. While you may not have been that owner who failed to pay the subcontractor -- it would in fact have been a previous owner -- you could be the owner left holding that responsibility.

Dale M. Maas, Attorney at Law
11777 Justice Avenue
Baton Rouge, LA 70816

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