There are many layers of legal complexity and implications in a Chicago merger or acquisition. Knowing and exercising them with a lawyer may put you in a position to avoid the pitfalls, save money, make gains. Knowing the shortcuts, and understanding the loopholes.

If you’re merging with a company under a different legal jurisdiction, it could propose a slew of legal matters to consider. A Chicago mergers and acquisitions lawyer may act as your parachute on this business venture.

When merging or acquiring another company—the tax rates may depend on the resulting entity type, legal jurisdiction, and corresponding tax structure. A good Chicago mergers and acquisitions lawyer can help you figure out how to get the best possible tax outcome for your merger or acquisition.

A merger or acquisition produce the need for relevant paperwork— like forms on taxes, entity formation, restructuring, stocks, assets, membership, bylaws, regulations, and possibly many more. A Chicago mergers and acquisitions lawyer can help you complete all the paperwork and avoid any negative legal implications from not having the appropriate forms and documents.

As the name implies, a market-extension merger depicts two businesses that sell the same thing but to different markets.

A product-extension merger is the opposite of a market-extension merger; this is a merger of two companies that sell different things to the same markets.

A conglomeration is a merger between companies that sell different things to different markets—having completely different business areas in both consumer base and products offered.

A horizontal merger gets described as a fusion of two comparable organizations that compete with each other in the same market with similar products or services.

A vertical merger consists of two companies in direct relation to each other as a supplier and distributor, consolidating into one company that can not only distribute the product but also produce it themselves.

Congeneric mergers are when two businesses provide different products or services to the same target market or consumer base.

Purchase mergers occur when one company buys out another. This merger allows for the sale and acquired assets to be tax deductible, among other tax benefits.

A consolidation merger is when two companies are bought and combined under one new entity.

Companies operating in a different market or geographical area combine to expand their physical reach and consumer base.

A business could increase the amount and types of products it offers by uniting with another company.

Merging with a company that has patented technology or skilled employees may improve operations and productivity, while possibly offer new products or services.

Merging could increase a company’s brand potential, flexibility, reach, and influence by merging with another (preferably one with an excellent reputation and marketing strategy).