When another party serves your business with a lawsuit, it can be a stressful and overwhelming experience. However, it is essential to remain calm and take immediate action to protect your business’s financial interests. Here are the key steps your business should consider taking if you find yourself in this situation in Wisconsin: Contact an Experienced Milwaukee Business or...
Continue ReadingMany businesses and individual insurance policyholders are targets of civil claims each year for a variety of reasons. Policyholders are often faced with allegations of negligence or intentional acts, mistakes made by employees, defective work products or other sorts of property damage. In those cases, if that business or individual has insurance coverage, then they can tender that claim...
Continue ReadingMallery s.c. is pleased to announce the sale of its client, Legacy Bakehouse LLC, to a private equity firm. Legacy Bakehouse is an industry leader in the design and manufacture of superior and innovative baked snack products, including snack mixes, bagel chips, pita chips, rye chips, and bread sticks, among others. For decades, the company has been creating one-of-a-kind...
Continue ReadingWe have all heard the stories. A long-lost aunt or uncle dies with no heirs, and their mansion and riches sit abandoned, waiting only for some distant relative to claim them. Unfortunately, fantastical claims like this have little connection to reality. While the Wisconsin Department of Revenue (DOR) holds over $600 million in unclaimed property, real estate is not...
Continue ReadingWisconsin recently enacted new laws for LLCs, which will take effect January 1, 2023. The updated laws are intended to modernize Wisconsin’s business entity laws, harmonizing them with each other and making Wisconsin a more attractive place to do business. Businesses and holding companies operating as Wisconsin LLCs should pay very close attention to these changes, a few of...
Continue ReadingWisconsin business owners know that honoring contracts is the bedrock of doing business. Whether you need a solid understanding of contract law to help run your business or need to understand how you can prove breach of contract after a deal goes bad, the team at Mallery s.c. can help. In this post, we will explain the basics of...
Continue ReadingWith the United States and the rest of the globe experiencing economic downturns, many distributors and suppliers are questioning whether they can perform under their existing contracts. Likewise, consumers are wondering if they’ll receive what they purchased online. Supply chain issues are rampant, affecting the availability of infant formula, cat food, and any number of products and services. Force...
Continue ReadingMost business enterprises operate on a foundation of contracts. Vendor agreements, employment agreements, stockholder contracts, commercial deals, and more create a complex network of features that comprise and support the business. With each contract, the potential for growth and disputes are ever-present. While business owners can’t eliminate the possibility for conflict to arise, smart entrepreneurs can take steps to...
Continue ReadingThey say that teamwork makes the dream work. In fact, many of America’s most successful small businesses were founded by teams of two, many with no partnership agreement in place when they were first formed. Some of these dynamic duos went on to lead the world’s most lucrative companies. However, not every casual business partnership will end with its...
Continue ReadingPartners can create a partnership easily—often with nothing more than a handshake or a plan written down on the back of a napkin. However, the trade-off for that ease is that partnerships can often be more difficult to end, especially when only one partner wants out. In many cases, when the economy or business circumstances change, entrepreneurs find themselves...
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