Mathis, Marifian & Richter, Ltd.

11/02/2026

What are the tax implications of selling a business?

The tax cost to the seller resulting from the sale of a business can be greatly affected by the structure of the sale. Similarly, the structuring can significantly impact the tax benefits to the buyer in a business acquisition.

The allocation of payments between the buyer and seller is a critical element in determining the tax treatment of those payments for both parties. For example, the sale of stock in a corporation is treated as the sale of a capital asset subject to capital gains income tax rates. Assuming the sale qualifies for long term capital gain treatment, the tax rate may be up to 20% to the seller. The gain on the sale of stock is calculated as the difference between the sale price and the seller’s basis in those shares.

Continue reading: https://mmrltd.com/news-events/articles/considerations-in-selling-your-business/ -11

10/31/2026

Wishing you and your family a happy and safe Halloween! 🎃

10/29/2026

LAST CALL: CALLING ALL ARTISTS!

Share your winter-themed artwork and win! MMR is looking for local artists to help us create our 2026 Holiday Card.

Think you have the perfect winter masterpiece? Submit a digital version of your original, winter-themed artwork by Sunday, November 1, 2026 for your chance to be selected!

Want to know the prize? Get all the contest details and submission information here: https://mmrltd.com/community/holiday-card-contest/

10/28/2026

EMPLOYER CLAIMS & DEFENSE | Protect Your Business

Your company’s reputation is one of its most valuable assets. Protecting it starts with proactive employment law guidance.

Our attorneys help businesses navigate workplace challenges, manage legal risks, and protect their business interests with strategic, practical solutions.

✔️ Policy Manual Development & Updates
✔️ Employment Contracts & Severance Agreements
✔️ Employment Procedures & Best Practices
✔️ Employee Benefits & ERISA
✔️ Sexual Harassment, Discrimination & Retaliation Claims

Whether you’re looking to prevent disputes or defend against a claim, MMR is here to help you move forward with strategic guidance and confidence.

Learn more: https://mmrltd.com/practice-areas/employer-claims-defense-in-employment-law/

MMR – Experienced Attorneys. Proven Results.

MM&R’s attorneys understand that your company worked hard to earn its reputation. We are proud to provide the legal support needed to help maintain it.

10/26/2026

What is buyer due diligence, and what should I expect after signing a letter of intent?

Following the parties entering into a letter of intent, in most cases the buyer will conduct a detailed due diligence review of the seller’s business to ensure a comprehensive understanding of the business being acquired and that the business to be transitioned supports the purchase price.

In this review the buyer will focus on a variety of areas, some of which are applicable to virtually every business, while others are unique to the particular transaction. This due diligence may include …

Continue reading: https://mmrltd.com/news-events/articles/considerations-in-selling-your-business/ -10

10/23/2026

Today’s “Jeans Day” proceeds benefit the Violence Prevention Center of Southwestern Illinois.

The Violence Prevention Center of Southwestern Illinois works to eliminate domestic violence in the lives of individuals and society. Offering a 24-hour hotline, counseling, legal advocacy, emergency shelter, and community education to empower survivors of domestic violence to find safety and create lasting peace.

For more information, visit: https://www.vpcswi.org

10/21/2026

Attorney Spotlight: Manuel Mayoral ⚖️

Manuel Mayoral, associate attorney, focuses his practice on estate planning, trust and estate administration, and fiduciary litigation, helping individuals and families navigate important legal matters with care and attention.

With a background in social work and experience assisting vulnerable individuals and families, Manuel brings a valuable perspective to his legal practice.

Learn more about Manuel: https://mmrltd.com/attorneys/manuel-mayoral/

10/20/2026

12 DAYS REMAIN: CALLING ALL ARTISTS!

Share your winter-themed artwork and win! MMR is looking for local artists to help us create our 2026 Holiday Card.

Think you have the perfect winter masterpiece? Submit a digital version of your original, winter-themed artwork by Sunday, November 1, 2026 for your chance to be selected!

Want to know the prize? Get all the contest details and submission information here: https://mmrltd.com/community/holiday-card-contest/

10/19/2026

What is a letter of intent (LOI), and why is it important when selling a business?

Once the parties have reached an agreement as to the essential terms of the transaction, whether orally or through a written term sheet or correspondence, in most cases the next step is a letter of intent, or LOI. While not as detailed as the final definitive agreement between the parties, the LOI outlines the essential terms of the deal.

For example, an LOI generally includes …

Continue reading: https://mmrltd.com/news-events/articles/considerations-in-selling-your-business/ -9

10/14/2026

BUY-SELL AGREEMENTS: Is Your Business Protected?

When a business has multiple owners, planning for the future is essential. A Buy-Sell Agreement can help answer two important questions:

✅ Who is allowed to own an interest in the business?
✅ Who is allowed to participate in business operations?

These critical issues are often addressed through a Buy-Sell Agreement—also known as a cross-purchase agreement, shareholder agreement, or buyout agreement.

This document can provide clarity and protect parties of the business. Planning today can help prevent uncertainty tomorrow.

Learn more about how a Buy-Sell Agreement can help protect your business:

A buy-sell agreement outlines in a business with multiple owners who is allowed to own an interest in the business and who is allowed to participate in business operations.