CONTINUITY OF BUSINESS OPERATIONS
Continuity of Business Operations
Most businesses cannot afford a significant slowdown or shutdown without suffering damaging consequences. To ensure continuity of the business through turbulent times, a business will need to contemplate debt restructuring, shuttering unprofitable business units, and re-negotiating agreements. The attorneys at Vandenack Weaver are here to guide your through these turbulent times and be your trusted advisor in deciding what actions will be take, when to take them, and how to prepare for business disruptions.
The capital structure of a business can be used to mitigate business disruption and economic downturns. Often, in time of economic crisis, a business will call on their lines of credit and seek opportunities to obtain additional capital from newly issued debt. The attorneys at Vandenack Weaver can assist you with negotiating and finalizing these credit facilities, ensuring that the debt product fits the needs of the business, and provide counsel throughout the process.
Economic downturns often reveal those lines of business that are not profitable and should be shuttered until resources are available to invest in these ideas. For businesses, this means re-organizing and isolating profitable business units from non-profitable business units. The attorneys at Vandenack Weaver will work with you to identify those business units that need to be protected and ensure that the corporate structure fits those needs.
Many agreements that are signed and executed in goods times may not be feasible in an economic downturn, whether with a client and customer or with a supplier and vendor. Regardless of the specific reason that the agreement is no longer feasible, the attorneys at Vandenack Weaver can guide you through how to manage these relationships and re-negotiate those items that require new terms.
For questions complex and routine, we're the ones to call.
Wondering how to best resolve an existing legal or business issue? Want advice on how to best avoid them in the future? Vandenack Weaver is your answer. Our expertise will make the most of your situation (and time and money). Just give us a call at 402.504.1300 or email us today. We’ll set up a time to talk about the challenges (and opportunities) in front of you. No pressure or commitment.