Your Lawyer can help you move through the exciting process of buying a business. We can review documents, assist you with a business purchase and sale agreement, and help you decode legalese.
Don't be tempted to take shortcuts. It is important that you follow a sound business purchase process in order to get the results you're after. The first step in the business purchase process is determining your goals.
It is important to understand the ways to finance a business purchase so you can determine the size of business you're capable of buying. You should try to secure financing or at least get indicators from lenders before you start a serious business search.
The Letter of Intent to purchase a business (also called an Offer to Purchase, is not necessarily a legally binding document. It simply says that you would like to purchase the business at a specified price and upon specified terms and conditions.
Buyer's due diligence is the investigation you will engage in after the seller has accepted the offer to purchase or letter of intent, to ensure that the business is worth the investment and has no substantive risk factors.
Buying a business is completely different than buying your home. A business purchase agreement is a much more complicated document and, to protect yourself, experienced legal advice is an absolute necessity.
What can your business sale lawyer do for you when you sell your business? We will examine these documents and explain any issues to you early in the process will prevent problems down the road.
Succession or exit planning helps you maximize the value of your business. Even if you're not planning to sell your business in the near future, it's wise to have an exit plan in place to protect your business against unexpected events.
Succession planning provides the roadmap for the sale of your business. Once you've decided to sell and worked with your team of advisors to establish the framework, it's time to start preparing the business for sale - enhancing its value - to maximize the selling price.
The due diligence process is the investigation the potential buyer will engage in after you have accepted the offer to purchase to ensure that your business is worth the investment. Many deals fall apart during due diligence, often because the buyer finds something unexpected that, even if it is easily resolved, turns the buyer off the idea of purchasing.
A business sale agreement (Purchase and Sale Agreement) is a much more complex legal document than a house purchase agreement, but many buyers and sellers make the mistake of using standard form real estate documents. These agreements are not designed to deal with all the issues involved in buying or selling a business, and can cause a lot of grief, confusion and uncertainty on both sides.
Whether you're buying or selling a business, our lawyers have the experience to guide you through the process quickly and stress-free.
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