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Sales & Dissolutions Archives

The end of the line for RadioShack

A former Boston start-up is on the verge of either being wound-up or being merged out of existence. RadioShack, the once ubiquitous DIY electronics store has been teetering on the edge of bankruptcy for the last year, appears to be taking the final plunge, with losses in the last four years approaching $1 billion and the New York Stock Exchange delisting their shares.

Do you really know the value of your business?

If you own your own business, you may think you know what it is worth. After all, you may have created it and built it from the ground up. Who would better understand its value? That may be true, but if you need to sell or transfer a business, you should obtain a professional assessment of your business's value.

For every business, there is a season

Businesses often have a discernible lifecycle. There is a birth process, the tentative steps of a toddler, the sometimes stumbling overconfidence of adolescence, the steady competence of middle age. However, what happens next? Some companies survive for many, many years, while others suffer some calamity and may close in a short time.

What steps should be taken to close a business in Massachusetts?

Part of being a business owner is making hard choices. Even though owners and their employees might work very hard, uncontrollable circumstances can make this a very difficult prospect. As a result, business owners may have to shutter the doors of their business.

Massachusetts pharmacy chain closes

A chain of pharmacies that has served Freetown, the Cape and other areas for more than forty years has closed its doors for the last time. The married proprietors of Sedell's Pharmacy have sold their last three locations to the national drug store corporation CVS and announced their retirement. CVS actively pursued the acquisition of their pharmacy and took over their customer base without any interruption in service, though Freetown residents will now have to drive a small distance further to get their prescriptions.

Hospital merger discussed at Massachusetts hearing

Beth Israel Deaconess Medical Center's goal of acquiring Jordan Hospital was recently evaluated in an open public hearing in Kingston. Jordan employees who attended the hearing sought promises that the proposed business sale wouldn't lead to firings, but they also expressed their hopes that the proposed merger would improve the budget situation at the smaller local care facility.

Selling a business for maximum profit

Massachusetts residents who are considering selling their businesses may want to look into ways to increase the sale price of their organization. If they have spent years building and growing their businesses, they want to ensure that they receive as much money as possible for their efforts. Even if someone has a successful business, there are ways to make his or her organization more attractive to buyers. Ways to improve a business sale price include making sure finances are in order, having multiple streams of revenue and taking advantage of legal assistance to guide the process.

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Worcester Office
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Phone: 508-709-0024
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