Lockaby PLLC

How an acquisition is financed can affect the buyer's ability to complete the transaction, and it can also impact the company's liquidity, ownership, and obligations after closing.

Most acquisitions are financed through cash, debt, equity, or some combination of the three. Cash financing may simplify the transaction but reduces available capital. Debt financing can preserve ownership but creates repayment obligations and lender restrictions. Equity financing may limit the need for debt but requires owners to share control and future returns.

Want to learn more? Check out our most recent blog on our website with the link in the comments below.

Good employment practices rarely make headlines. But clear expectations, timely conversations, and consistent decisions can make a big difference when workplace issues come up.

Kinda chic to stay ahead of workplace issues, if you ask us.

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A purchase agreement in an M&A transaction is a lengthy document, but it can typically be divided into seven sections or articles. In our latest video, Matt discusses each section common to a purchase agreement.

Want to learn more? Check out the full video with the link in the comments below.

We're hiring a legal assistant to join our team in Lexington.

At Lockaby PLLC, we work with business owners through the everyday questions and major decisions that come with running a company. Our Legal Assistant helps keep that work moving by communicating with clients, managing files, supporting attorneys with court filings, scheduling, and case preparation.

We're looking for someone who is organized, attentive to detail, and comfortable taking initiative. This is a full-time, in-office role for someone with at least two years of legal assistance experience.

Interested? View the full position and apply through the link in the comments below. Please include your resume and two professional references with your application.

Oregon OSHA has proposed new workplace-violence prevention requirements for certain healthcare employers. While the proposal would not apply in Kentucky, many of its core principles are already reflected in Kentucky law.

Kentucky health facilities should use this development as a reminder to review their workplace-safety assessments, update prevention plans, and provide practical training based on the risks employees actually face. A written policy is only effective when it reflects real workplace conditions.

A Letter of Intent can shape much of what happens next in an M&A deal.

In our latest video, Matt breaks down the typical structure of an LOI, what terms buyers and sellers should expect to see, and a few common issues to watch for during negotiations.

Watch the full video at the link in the comments below!

Did you know a business doesn't have to be sold in its entirety?

In a carveout transaction, a buyer acquires a specific part of a larger business, such as a division, product line subsidiary, or group of assets. Because that operation may share employees, contracts, systems, and resources with the remaining company, separating it can create challenges beyond those found in a traditional acquisition.

Careful planning clarifies what will transfer, what will remain with the seller, and how the carved-out business will operate after closing.

AI is already part of many workplace routines, but without clear expectations, its use can create risks involving accuracy, confidentiality, and employment decisions.

A well-written AI policy can help employers establish appropriate guardrails while still allowing employees to benefit from eh technology.

Read more on our blog using the link in the comments below.

Happy Labor Day from Lockaby PLLC. Today, we are celebrating the hardworking people who keep our businesses and communities moving forward. Thank you for all you do!