Glenn   Solomon
Principal

Contact

Phone: 443.738.1522
Fax: 301.575.0335
Mailing: 8171 Maple Lawn Boulevard ,
Suite 200 , Maple Lawn , MD   20759
Linkedin: Glenn Solomon

PRACTICE FOCUS

General counsel to businesses for more than twenty-five years, representing business owners from inception to exit, with extensive experience in the purchase and sale of businesses, structuring ownership agreements, advising companies in financial distress and bankruptcy preference avoidance actions.

PUBLICATIONS/SPEECHES

Mr. Solomon is a frequent author and lecturer on issues relating to mergers and acquisitions and distressed companies.

AWARDS/ RECOGNITION

  • Earned Certified Public Accountant license, 1984
  • American Cancer Society, Baltimore City Unit - Board Member of the Year, 1989-1990
  • Liberty Road Recreation and Parks Council - Volunteer of the Year, 1993-1994

Education & Admissions

  • J.D. (with honors), University of Maryland, 1984
  • B.A. in accounting, Franklin and Marshall College, 1981
  • Maryland
  • United States District Court for the District of Maryland

Activities

  • Chair of the Mid-Atlantic CFO Roundtable
  • Board of Directors of a corporate client
  • Previously served as Vice President and Director of the Greater Baltimore unit of the American Cancer Society
  • Previously served as President and Director of Liberty Showcase Theater
  • Previously served as an officer and on the Executive Committee and Board of Directors of the Jewish Federation of Howard County
  • Previously served on the Board of Directors of Beth Shalom Congregation Religious School
  • Maryland State Bar Association
  • Baltimore Bankruptcy Bar Association
  • MACPA Business and Industry Committee

Posts

"M & A Nuggets: Buy A Star"

Last week’s nugget discussed warning signs that can alert you to avoid buying a turkey.  This week we will reverse…

"M & A Nuggets: Don’t Buy A Turkey"

The allure of acquiring a business can cause a purchaser to fail to exercise sound business judgement.  Sometimes, the best…

"M & A Nuggets: Antitrust Concerns?"

Many companies involved in business acquisitions may not think that their transaction is subject to antitrust scrutiny.  However, many midmarket…

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"M & A Nuggets: Notices Provision- Boring But Important"

Every agreement for the purchase and sale of a business should have a section stating exactly how the purchaser and…

"M & A Nuggets: Labor Matters"

One of the most important assets you will “acquire” when purchasing a business is the seller’s pool of employees.  That…

"M & A Nuggets: Real Estate Issues-No. 4"

This nugget is the fourth in a series discussing real estate issues related to the purchase of a business that…

"M & A Nuggets: Real Estate Issues-No. 3"

This nugget is the third in a series discussing real estate issues related to the purchase of a business that…

"M & A Nuggets: Real Estate Issues- No. 2"

This nugget is the second in a series discussing real estate issues related to the purchase of a business that…

"M & A Nuggets: Real Estate Issues"

If you purchase a business and intend to use the real estate that is owned by the seller or its…

"M & A Nuggets: Purchaser – Beware Of The Lone Wolf"

As purchaser of a business, you need to be certain that the sale of the business has been authorized as…

"M & A Nuggets: Seller- Know Your Liabilities"

On transactions structured as an asset purchase, the purchaser usually does not assume, (agree to pay) the seller’s liabilities.  Instead,…

"M & A Nuggets: The 338 Election- Important Rules"

  The last nugget discussed a valuable tax tool known as the Section 338 (h)(10) election, by which the parties…

"M & A Nuggets: Indemnification – Let’s Get Specific No. 3"

The most recent nuggets discussed the “what” and “how much” issues on indemnification clauses.  Another issue that arises on indemnities…

"M & A Nuggets: Indemnification – Let’s Get Specific No. 2"

This next nugget drills down the specifics of an indemnification clause.  As a reminder, the purpose of the clause is for…

"M & A Nuggets: Indemnification – Let’s Get Specific No. 1"

One of my prior nuggets discussed the importance of having a good indemnification clause in the purchase agreement.  Many important…

"M & A Nuggets: Seller- Do Your Due Diligence"

The main due diligence that is conducted in a business acquisition is the purchaser’s investigation of the seller’s assets, financial…

"M & A Nuggets: Drill Down on Earnings"

To determine a purchase price to offer to the seller, purchasers most often analyze some form of the target’s earnings,…

"M & A Nuggets: ESOP Owned Seller"

As purchaser, you may come across a target seller that is owned in whole or in part by an employee…

"M & A Nuggets: Seller Financing? – Protect Yourself"

A purchaser may not have the financial wherewithal to fund, or obtain a loan for, 100% of the purchase price…

"M & A Nuggets: Allure Of Purchaser’s Stock"

If you are selling your business, you may receive a proposal from the purchaser to pay you in part with…

"M & A Nuggets: Owners Must Sign On The Dotted Line"

If your purchase transaction is structured as an asset purchase, the selling entity will agree to indemnify you against any…

"M & A Nuggets: Accrued Leave"

When conducting due diligence in connection with the purchase of a business, make sure that you understand the amount of…

"M & A Nuggets: All Aboard Employees"

When purchasing a business, you will likely be bringing some or all of the seller’s employees onboard to your company. …

"M & A Nuggets: Boilerplate – Not A Dirty Word"

Severability. Integration. Governing Law.  These are just a few of the paragraph headings that appear near the end of a…

"M & A Nuggets: Insurance, Insurance, Insurance"

When conducting due diligence as part of the purchase of a business, it is crucial that you carefully review the…

"M & A Nuggets: The Honeymoon Is Over"

So you have purchased your target business. You may have interaction with the seller after the closing, whether as a…

"M & A Nuggets: Liabilities That Could Follow You"

One big reason for a purchaser to structure a business acquisition as an asset purchase is to avoid being subject…

"M & A Nuggets: Stupid Is As Stupid Does"

In the movie, Forrest Gump, the main character was asked several times if he was stupid.  Forrest Gump replied “Stupid…

"M & A Nuggets: Prevent The Cash Drain"

Past M & A nuggets have talked about whether a business purchase should be structured as an asset purchase or…

"M & A Nuggets: A Seller In Financial Distress"

Most companies that file bankruptcy end up liquidating, that is, ceasing business. Some bankrupt companies, however, even though they have…

"M & A Nuggets: Red Flags"

What may be contrary to our assumptions, studies have shown that most business purchases do not succeed. Sometimes, the best…

"M & A Nuggets: Handling The Holdback"

Often, the entire amount of the purchase price in a business acquisition is not paid at closing. The part of…

"M & A Nuggets: Avoid Hairline Fractures"

A hairline fracture is a fracture of the bone caused by stress.  It can result from trauma, is painful and…

"M & A Nuggets: Use Of 338 Tax Election In An Installment Purchase"

One of my previous nuggets discussed how a purchaser and seller can structure a transaction legally as a stock purchase…

"M & A Nuggets: Bulk Sale Act – Buyer Beware"

If you intend to purchase a business whose primary activity is the sale of inventory, you should make sure that…

"M & A Nuggets: Arbitration, Or Not?"

Although becoming embroiled in a dispute with a seller after the purchase of a business is the last thing on…

"M & A Nuggets: Purchase Price Allocations"

If you intend to purchase the assets of a business, there is a crucial business issue that is unrelated to…

"M & A Nuggets: Closing Adjustments"

One of the often overlooked money issues in the purchase and sale of a business has nothing to do with…

"M & A Nuggets: The 338 Tax Election"

In any transaction involving the purchase and sale of a business, one of the highest tension points between the buyer…

"M & A Nuggets: Sales Tax On Acquisition"

Did you know that an acquisition structured as an asset purchase may result in substantial sales tax?  This is often…

"M & A Nuggets: Non-Compete"

In transactions involving the purchase and sale of a business, the purchaser almost always insists that the seller and the…

"M & A Nuggets: Indemnification"

To a seller, the most important part of a business sale is receiving the purchase price.  Conversely, to the purchaser,…

"Bankruptcy Preference Demand: Part 1"

Ordinary Course of Business Defense What happens when a company that owes you money goes bankrupt? And how should you…

"Bankruptcy Preference Actions: Be Proactive, Not Reactive"

My previous articles in my bankruptcy preference blog have discussed how to react to a bankruptcy preference demand that your…

"Bankruptcy Preference Actions: A Bad Offense is a Good Defense"

My prior bankruptcy preference blogs have discussed the defenses that are available to fight a bankruptcy preference claim, assuming that…

"“BOILERPLATE” – Not a Dirty Word In Asset Purchase Agreements"

You are negotiating the purchase of a business and all of the major terms have been agreed to – purchase…

"You Finished the LOI- Now it’s Time to Pay Attention to the Details"

You have been negotiating the key business terms of a business purchase for months and finally, a letter of intent…

"Combating the Bankruptcy Preference Demand- Don’t Overlook the New Value Defense"

Scenario:  You are owed substantial money by a bankrupt company.  You then receive a letter or lawsuit demanding the return…

"The Dreaded Bankruptcy Preference Demand: DON’T THROW IN THE TOWEL"

Many of my business clients have been unlucky enough to not only be owed substantial money by a bankrupt company,…

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