Dale M. Maas, Attorney at Law
888-680-3843 Wills, Trusts and Successions Real Estate and Business Litigation General Litigation and Appeals

Baton Rouge Business & Commercial Law Blog

Is a written contract advisable for a B2B agreement?

For some businesses, their business doesn't revolve around the average consumer. Instead, many businesses serve the needs of other businesses. Whether offering a product or a service that a business needs to conduct their everyday work efficiently, it's a legitimate business model. While many consumers do not engage in contracts with the business they buy from, businesses may want to consider a contract for their agreements with other businesses.

So, does your B2B agreement require a written agreement? A written agreement, also known as a contract, is more official and usually has elements that make it binding on both parties involved. While these agreements are mostly enforced by state law, an enforceable written agreement usually contains content related to the transfer of real estate, sale of goods valued at or over $500, and contracts that require more than a year to perform. Written agreements are more enforceable for the sheer fact that there is written proof, rather than just verbal, of a contractual agreement.

Baton Rouge commercial building purchased for new opportunity

Baton Rouge is seeing and will continue to see, some revitalization to two well-known towers in downtown. Best known as the 'Chase Towers,' these buildings have been a staple in Baton Rouge commercial real estate since the 1960's and have been home to many businesses and corporations over the years. Since the buildings have some age, they have fallen into a place where renovations and repairs are needed. The new owner of the south tower (also the current owner of the north tower) claims to have a plan to spend in the 7 figures to revitalize the building.

The two towers have always been used exclusively for commercial real estate. However, the new plan for the south tower appears to be for mixed-use, both commercial and residential real estate. Located in the heart of Baton Rouge's business district, this is an exciting prospect to bring residential residents to the building. While the exact sale price of the building was not disclosed, the new owner paid just under $20M for the adjoining tower in 2007.

Determine company value in the process of merger, acquisition

Do you know the value of your business? This can be a difficult question to answer, especially when trying to pin it down to an exact number. Since businesses are always changing and the landscape in which they operate is too, it can feel like a floating number. There are a few ways to help determine an actual value for your business.

Depending on what type of business you have or what stage the business is in - value is measured in different ways. Start-ups are often measured in the amount of funds they can raise - or their potential value. Meanwhile, more established companies are weighed heavily on their revenue stream, shareholder value and their number of users. Financial documents can help to answer these questions, but the age of the company, sales volume and other factors can also weigh heavily on the final number.

Draft a smart purchase agreement for commercial real estate

When two or more parties come together and agree to do business or to partner together to achieve common goals, the entire process from start to finish can seem somewhat intimidating. Sometimes, parties in a commercial real estate transaction have little to go on at first, sometimes, just a smile and a handshake. This is especially true if looking to begin a project related to the development or construction of commercial real estate. When the agreement begins to take shape, there are a number of measures a party can take to protect themselves in these situations.

There will no doubt be much paperwork involved in the process of a commercial real estate deal. Between administrative, executive and other orders, there are legal implications to consider. Sometimes, companies are so ready to begin a project that they forget to draft documentation that would serve their best interests in case of unfortunate circumstances or a breach by the other party involved.

Give new businesses a head start with a business formation plan

Many say it's the American dream to start a business and be self-employed. There is something nostalgic about this goal that many have and want to accomplish in their lifetime. Whatever the business, it's good to make a plan (or several plans) that help to outline the goals and aspirations of the business in the short or long term. One of the first plans a business owner should consider making is a business formation plan.

Business formation plans should be considered shortly after the decision is made and the inspiration is found to start the business. Business formation plans outline not only what type of business you are (LLC, s-corp, non-profit), but can also build on that by outlining what type of state and federal legislation is in place that can affect your business. They can outline a general business strategy and the best business formation plans should determine how to get a competitive edge by setting a business up for success.

Oil-rich land sells for $87M

A large land parcel has sold to an undisclosed inventory in the Louisiana Austin Chalk play region. This region, well known for its rich oil deposits, has been on the radar for those looking to purchase commercial real estate. While the buyer is currently 'undisclosed', it is reported that they have significant experience in drilling.

The land was previously held by an exploration and production company and the company did not disclose exactly where the land is located for privacy concerns. However, it is known that it encompasses portions of Louisiana and Texas. The Austin Chalk play area, known as a self-serving carbonate reservoir about 30 miles wide and 650 miles long, spans from Texas to the middle of Louisiana. Other purchases for thousands of acres have been made recently in the area.

What are the necessary steps to dissolve a small business?

It's a known fact that many businesses fail. The business landscape can be a competitive and difficult place to grow and thrive. Sometimes, things happen outside the business' control that greatly impact its ability to be successful. However, failure is not the only reason to dissolve a small business.

The owner of the business may decide that they want to relocate, do something else with their life or make some other decision that means dissolving their business is the right decision for them. Whatever the reason for closing a business, there are often more steps to complete than just hanging a closed sign in the window. If the business is not a sole-proprietorship, all people involved in the business must be properly notified, and, if necessary, one must follow the rules of the dissolution contained in documents that may have been drafted when the business was started.

Thinking of merging with your business competitor? We're here

Whether you own a small business, a medium sized business with several locations or a large multi-national firm, you are always thinking of ways to improve and grow your business. Sometimes, growth and progress can come when a business merges with or acquires their competitor. It's a good way to corner the market for sure. Whatever your thinking behind a merger or acquisition, the experts at Dale M Maas Attorney at Law are here to support it.

There is a slight difference between a merger and an acquisition. While two businesses become one business at the end of the day, the means and language by which it happens is slightly different. A merger is a more even style of blending the business, as evenly as possible, one might say. Meanwhile, an acquisition generally buys out the other business, removing the name and, oftentimes, the means of doing things, including policies and procedures.

Trade secrets should play a factor in sale of property

When a person thinks of a successful business strategy, what comes to mind? A catchy advertising or marketing strategy helps as does a sought-after product or experience. But what is the special something that can set a business apart from their competitors? If a business has that special something, sometimes known as a trade secret, they should protect it and give it the recognition it deserves during the sale of a property.

Not every business will have a trade secret, and that's what makes them special. Trade secrets are essentially intellectual property, something the business knows or utilizes that competitors don't or can't. For cookie manufacturers, it might be a secret recipe. For manufacturing industries, it could be a special alloy blend that is utilized in their product.

Two banks merge to become 3rd largest in Louisiana

Sometimes people don't realize that banks have other responsibilities beyond securing an account holder's money and providing loans when needed. While these are admirable day-to-day operations for the average bank, banks are also a business that need to make money. They have profit structures, expenses and try to draw new business just as much as any other industry. Two Louisiana banks have merged to become the 3rd largest bank in Louisiana.

Under the terms of the merger agreement, shareholders of the acquired bank will receive approximately 9.2839 shares of Home Bancorp common stock for each share of St. Martin common stock. In addition, pursuant to the terms of the merger agreement, immediately prior to the closing of the merger, St. Martin paid a special cash distribution of $94 per share to shareholders. These merger agreements are very specific and often these terms are negotiated heavily before an agreeable contract that suits both companies is met. Two former directors of the acquiesced bank will now serve on the board of the larger entity.

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

Toll Free: 888-680-3843
Phone: 225-754-9864
Fax: 225-296-5778
Map & Directions

Best Estate Planners in Baton Rouge