The Business Buying Process and How to Find a Business to Buy

Illinois Law Television Program by the Illinois State Bar Association.

Piercing the Corporate Veil Chicago Bar Association​ Business Law Committee

The Business Entity Selection and Formation Process

Leo Wisniewski interviews Markus May as he discusses the different types of business entities and their pros and cons. Learn about the difference between a sole proprietorship, partnership, C corporation, S corporation and limited liability company and why the S corporation and limited liability company have become the entities of choice for small business owners.

How to Buy a Business

Markus May discusses how buyers can prepare to buy a business. Learn about some of the financial aspects involved such as down payments, seller financing, the lending environment and finding what you can afford. Discover who should be part of your deal team so you can act swiftly when the right opportunity presents itself. How to find a business, creating a portfolio to sell yourself and numerous other issues are discussed with host Jeff Bishop.

How to Prepare Your Business for Sale

Markus May discusses what business owners should do as they prepare to sell a business. Learn the steps business owners can take to maximize value for a future sale. Discover the roles your brand, management team, workforce, customer and product diversification, operational efficiency, budgets, financial leverage and other factors play in driving the value of a business.

Piercing the Corporate Veil – How to Avoid Losing Your Home

Markus May discusses how your personal assets may be at risk if you don’t properly set up and operate a business in order to avoid personal liability. Learn about the factors courts look at in “piercing the corporate veil” and how you can avoid these common errors in running your business. A few simple steps help you sleep soundly at night.​