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Hidden Pitfalls in Buying and Selling a Business — Make These Mistakes and You Could Lose Everything!

February 16, 2022 · Mingqiang

Hidden Pitfalls in Buying and Selling a Business — Make These Mistakes and You Could Lose Everything!

Selling a business is more complex than most sellers and buyers imagine. As a seller, you may have set up systems and processes to make the business easier to run — such as automated payment systems, customer management software, and other software used in day-to-day operations. When selling the business, these systems need to be transferred to the buyer, which makes the whole sale process take far longer than expected. Today we discuss some of the common issues that arise when selling a business.

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A Serious Guide to the Process of Making a Binding Financial Agreement | How Far in Advance? Is the Procedure Complicated? Can It Be Done Privately?

February 3, 2022 · Mingqiang

A Serious Guide to the Process of Making a Binding Financial Agreement | How Far in Advance? Is the Procedure Complicated? Can It Be Done Privately?

In short, a binding financial agreement is an agreement entered into between two people (including same-sex partners) that has legal effect and sets out how the couple's assets will be divided in the event the marriage breaks down or the de facto relationship breaks down. Once the parties have entered into a valid binding financial agreement, their property will be divided in accordance with that agreement when the relationship ends.

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