This blog recently discussed the importance of parties protecting themselves during a commercial real estate transaction. A Baton Rouge office building recently sold for $746,000 and is considered a unique office building for the area. The building is a 4,200 square foot building. The office building also backs up to a swamp. A representative for the buyer in the transaction noted that it can be challenging to find office buildings that are free standing and between 4,000 and 5,000 square feet.
It's time to move forward and sell your small business. Many small businesses are built from the ground up, and while it can be a decision based on many factors, there are several means and situations that could dictate how the final sale of a small business is completed. Oftentimes, small businesses are bought by other small business owners or even a hopeful small business owner. Sometimes the capital these buyers need isn't readily available in total.
The success of a commercial real estate transaction or other real estate transaction can depend on a variety of legal or other considerations. As a result, when contemplating a commercial real estate transaction or other real estate transaction it is helpful to be familiar with the moving parts and legal protections.
Commercial real estate is big business in Baton Rouge - and across Louisiana. It is intertwined with all of the state's major economic sectors, from oil and gas extraction and refining, to tourism, shipping, construction and banking. If there is an industry that needs property to operate, commercial real estate will inevitably be implicated.
The right acquisition can be a great growth opportunity for any business. A banking acquisition deal will bring changes to the Baton Rouge area. Business First Bank, based in Baton Rouge, has reached a deal to acquire another bank in Louisiana. The $51 million deal will make Business First Bank the fourth largest bank among those headquartered in Louisiana.
You know that feeling when a storm is brewing? It feels like something is on the horizon, a shift in the atmosphere is going to bring on a whole slew of severe weather. Sometimes, business relationships can feel like that, like something has been waiting beneath the surface to impact your business and your relationship. While these things can sometimes blow over with minimal impact, other times there are strategic ways to address strained business relationships.
When conducting business every day, and entering many contracts, it is helpful to understand the basic elements of a contract. Certain elements of a contract must be met for the contract to be valid. The basic definition of a contract is an agreement between parties creating mutual obligations.
As the landscape of the Baton Rouge commercial area continues to change, another multi-million dollar deal has landed. A Parkland-based company as agreed a site-assemblage of the development of a soon-to-be upscale shopping center. Many of these plans have been hitting the ground running as of late. These retail areas have modern updates and are nothing like the large-space shopping giants of mini-mall past.
There are different business forms that an entrepreneur starting a business can select so it is helpful to understand what the best option might be. Business entrepreneurs may have specific questions about a popular, but more recent, business form the limited liability company (LCC).
After shedding much blood, sweat and tears, you may be considering selling your business. Why might you want to do this? There can be many motivations behind the sale of a business, with profit being the most popular reason. However, there are several other reasons and motivations behind the sale of a business that one may not initially think of.