“After taking business transactions apart in the courtroom for more than twenty years, clients (and opponents) began asking me to work on their transactions from the front and prevent the ten most common problems from ever occurring in the first place.”

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I am the San Antonio business lawyer who works with people in buying and selling businesses, planning for the future, and to get out of financial trouble.

For the last thirty years, I have tried cases for plaintiffs and defendants in State and Federal courts from California to Texas to Delaware. I have been the advocate for individuals and small companies as well as companies in the Fortune 100.  Those litigation cases have ranged from representing thousands of homeowners for broken plastic pipe in their homes to oil royalty disputes to breach of confidentiality agreements.

After literally taking business transactions apart in the courtroom for years, clients (and opponents) began asking me to work on the transactions from the beginning to try to prevent the problems from ever occurring.  In that stance, I have helped buyers and sellers in the sales of businesses ranging from large retail stores and manufacturing facilities to insurance agencies.  I have helped clients buy multi-million dollar, multi-story office buildings and and negotiate commercial lease agreements.

I work to improve the way my clients do business if that fits their goals.  I help design corporate structures and business transactions to increase profit, minimize taxes, and  make sure that assets are protected from lawsuits.  Having filed many suits and obtain judgments, I have learned where the potholes will be.

My business advice programs are based on regular review and meetings in order to get to know the client’s business and plans in more depth than is possible in the normal “hire a lawyer only when in trouble”.  It will cost a lot more for me to get you out of trouble than it would cost to keep you out of trouble in the first place.

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I have been named a SuperLawyer in Texas and featured in Texas Monthly.

My lawyer peers have granted me “AV” which is Martindale Hubbell’s (rating agency) highest peer rating for lawyers.

I have presented papers and spoken to audiences that range from service clubs to the State Bar of Texas Continuing Legal Education seminars. I was recently named Individual Finalist, San Antonio Ethics In Business Award, 2009 by the San Antonio Business Journal.

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Donna Nell is a financial expert associated with a few financial communities. She also holds honorary posts in some websites as a financial advisor where she advises on debt management, credit counseling and taxes.

These days, many people think that it is less hazardous to purchase a business than opening a business from scrape. But what, if you buy a business with debt? It is always beneficial to purchase a business that has already been established because of the brand name and customer base that the business has created over the years. If you choose wisely, buying an established business with outstanding debt might also lead to lofty profits.

Instruction

1. When you have made your mind to buy a business in debt, you must appoint a business attorney or a broker. A business attorney or a broker can help you to understand the details of the business and can explain in better terms why the business is in trouble.
2. Know in details about the assets and liabilities. See every owed and billable receipt. However, if liabilities are far more than the assets, the situation might be alarming.
3. Strictly go through every debt that the business has incurred. You might have to sign a nondisclosure agreement while taking over the business. But, before that, they must provide you with a complete debt disclosure. If the company does not incorporate the debts in the agreement, the previous business owner will be still liable for the debt.
4. Go through the last five years tax returns and financial records and discuss those with your business attorney in detail. Here you might discover the reasons behind the outstanding debt. If the debts were acquired due to matters not linked with business, then it is obvious that the finances need some modification.
5. Combine every information you have gathered and discuss those with your business attorney or broker. Ask them to advise how the firm’ financial status can be improved.  If cannot, just go for another firm.

However, before acquiring the business you can also ask the existing owner to pay of outstanding debts. Further, you can also talk to customers and vendors to have a better idea about the situation of the business.

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Send your kids to their dream school, while avoiding saddling them under a mountain of school loans

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