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How do I go about merging my company with a similar size company.

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Our company has been in...
How do I go about merging my company with a similar size company. Our company has been in business for 20 years and the other company that is considering joining with us is only 3yrs old; our revenues are similar but we have a different set of clients. Any advice on how to get the process started ?
Submitted: 7 years ago.Category: Business Law
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Answered in 19 minutes by:
1/2/2011
Business Lawyer: Ellen, Attorney replied 7 years ago
Ellen
Ellen, Attorney
Category: Business Law
Satisfied Customers: 36,715
Experience: 25 years of experience helping people like you.
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Hello,

Thank you for your question. I am happy to assist you.

I am a lawyer with 25 years experience. While I am permitted to provide you with legal information, I am prohibited by JustAnswer.com and various state bar associations from giving legal advice, representing you or entering into an attorney-client relationship through this open and nonconfidential forum.

You can consider entering into a joint venture. In a joint venture the 2 corporations/ businesses form a partnership. The joint venture can be for only specific clients or for all clients. If the joint venture will be for more than a couple clients, I suggest that you had your joint venture agreement professionally drafted by local counsel.

If you would like additional details concerning my answer, please click REPLY and I will be happy to respond. Otherwise please click ACCEPT so that I am paid by the site. Do not click relist as it will delay my response.

Best wishes for a Happy and Healthy New Year!


Edited by WebLaw on 1/2/2011 at 1:27 AM EST
Ellen
Ellen, Attorney
Category: Business Law
Satisfied Customers: 36,715
Experience: 25 years of experience helping people like you.
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The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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