The Towson business attorneys at Bowie & Jensen served as counsel to a multi-million dollar a year client in a corporate reorganization.
(Towson, MD) Mark T. Jensen and Bowie & Jensen recently completed a tax free corporate reorganization for a client in the manufacturing and healthcare industry with revenues over 100 million dollars a year. The corporate reorganization resulted in a parent company owning two wholly owned subsidiaries that each work in a distinct market.
All contracts, personnel, intellectual property, credit relationships, leases, and marketing had to be separated and reorganized. The effort required extensive due diligence, strategy, and creativity in order to separate two product lines and markets that had been operating as one company in multiple states, serving international markets.