From Idea To Exit: Structure - Rights Of First Refusal

At Freeman Lovell, our business lawyers help entrepreneurs and small business owners structure and build businesses that can scale and be sold someday.

https://youtu.be/3X3b7rEG4mo

First Protect Your Business

As a business law firm that focuses on helping small businesses succeed, one of the common mistakes we see businesses make is adopting operating agreements or corporate bylaws that don't allow the company to control its cap table by protecting the company's owners instead of protecting the company itself.

The decision between a right of first refusal and a right of first offer is a place where this mistake is commonly made. Many business owners mistake a right of first refusal and a right of first offer as the same thing. This article will clarify the differences.