Lanigan & Lanigan, P.L.
831 W. Morse Blvd., Winter Park, Florida 32789
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New Year May Not Be Time for Corporate Reorganization

The Law

A CEO often sees business reorganization as a way to repair what’s wrong with a company and companies sometimes hire a new leader based specifically on his vision for reorganization often at the beginning of a year. Companies are feeling strong after the end of one year and are clawing their way back to health, hoping for full recovery seems to occur in January. But the plans should actually begin with the help of a skilled legal and financially-driven law firm familiar with state and national tax laws. However, before deciding to take on a new financial plan, business structure, begin firing or hiring, consult with Eric Lanigan and Roddy Lanigan to decide whether a business reorganization in Orlando or any Central Florida city is a wise economic choice. The reorganization of a company typically addresses the efficiency or inefficiency of current or past leadership and is sometimes done haphazardly in an attempt to quickly increase profits. Corporate Reorganizations Can Be Risky New chief executives often feel compelled to reorganize their companies. In fact, nearly half launch some kind of reorganization during their first two years on the job. But corporate reorganizations are risky investments of time, energy and resources, and many do little to improve the business. The process of carrying out, through agreements and legal proceedings, a business plan for winding up the affairs of, or foreclosing a mortgage upon, the property of a corporation that has become insolvent. Reorganization is ordinarily accomplished by way of a Judicial Sale of the property of the corporation. The purchasers then often form a new corporation to which a good portion of...