The purchase or sale of a business is often a complex transaction that deals with a broad spectrum of legal issues. Both buyers and sellers should have someone on their side making sure that things go right. If you are considering buying or selling a business, contact our experienced real estate and business attorneys at Sams, Larkin, Huff & Balli, LLP. We can help ensure that you are getting a good deal and that your interests are fully protected.
Common Concerns Buyers Face
If you are planning to purchase an existing business, you want to make sure that you are getting the best value possible. Common questions that many buyers have include:
- Am I protected from the seller's outstanding debts and liabilities?
- Will the seller be able to open a competing business?
- Will I be able to keep the company's current client base?
- Do I have the proper financing in place to close on the purchase?
- Has the seller properly disclosed everything about the business and/or the premises?
For the purchase of a franchise, there will be additional factors that you will need to take into consideration. A deal that is negotiated properly with the assistance of a seasoned lawyer will leave you confident that you have made a sound business decision.
Issues For Sellers To Consider
As a business owner who is selling, your biggest concern is likely whether or not you are getting the maximum profit possible. However, there are many other issues that you should focus on. Business transactions such as these often involve a lengthy and burdensome due diligence process. You may be required to produce the company's financial records and disclose any property or lease issues. Failure to disclose certain information can result in the deal falling through or future liability to you as the seller. Selling a business also has tax implications that you will want to consider as you structure the deal.
Ensuring A Smooth Process
Our Marietta attorneys can guide you smoothly through every step of your business matter. Contact us at 770-884-4819 or toll free at 866-401-4401. You can also send us a message through our web portal.