Why neglected legal details can kill your Canadian business exit, with lawyer Wes Forgione
When selling a business, the legal details are often the last thing an owner considers—and the first thing that can blow up a transaction at the finish line.
In this episode of the Expert Interview Series, David Prowse of the Shaughnessy Group sits down with Wes Forgione, founder of Forgione Deal and Corporate Counsel. With experience closing more than 400 M&A transactions, Forgione outlines the critical legal blind spots that cost Canadian business owners leverage, money and deals.
From messy corporate minute books and dangerous change-of-control clauses in customer contracts to the severe financial liabilities of poorly worded employment contracts, learn exactly how to clean up your corporate house before going to market. Forgione also shares practical strategies to reduce owner dependence and introduces the concept of a sell-side "Quality of Legal" report to streamline buyer due diligence.
About the Guest:
Wes Forgione is the founder of Forgione Deal and Corporate Counsel, a boutique M&A corporate law firm serving founders, operators and business owners across the Greater Toronto Area. Previously practicing in British Columbia, Forgione has managed records offices for 400 companies and closed upwards of 400 M&A transactions. Known as a "corporate quarterback," he focuses on helping business owners prepare their companies for sale and navigating complex legal hurdles to secure a successful close. Outside of law, he is a former startup entrepreneur, fitness enthusiast and future Muay Thai competitor.
Forgione Deal and Corporate Counsel: redacted