April 13, 2020
Chaffe is here to help you take action to minimize the impact of COVID-19. Even in challenging times, there are opportunities for you and your company. Chaffe stands ready to work with you to assist in a variety of services including:
Estate & Gift Planning | Business Interruption Claims | Fair Value Impairment
Corporate Restructuring | Litigation Support | Exit Planning | Distressed Company Transactions
Chaffe remains grateful for your continued trust, partnership, and friendship as we overcome these current challenges together and continue to serve you. Please reach out via e-mail or our main line at 504.524.1801 to be directed to the appropriate party.
On the whole, it is not a great time to begin selling a business. Companies and consumers have retrenched, and the market contraction is expected to be very sharp and deep between the first and second quarters of 2020. Financing markets will be difficult to access, as capital providers struggle to adequately assess risk of investments. Until companies can forecast their earnings with any degree of certainty, traditional deal activity will be at a virtual standstill.
Emotions often take over in difficult markets, confidence wanes, and urgency to panic can take hold. Your plan to exit your business this year has been derailed by COVID19 and the lockdowns that followed. What should you do?
I Was Ready to Exit My Business, But Then This Happened – Chaffe’s New Orleans CityBusiness Special Exiting Article in COVID-19 Era – April 2020