Legal Guidance For Purchases And Sales Of Businesses
There are numerous and complicated legal issues to be managed in the purchase and sale of a business. There are a high number of fraudulent or badly structured business sales. Often buyers and sellers simply have not understood the necessary components or consequences of the transaction. The unraveling of poorly handled or fraudulent business sales transactions through attorneys is a large expense you want to avoid, particularly if there is litigation. Do it right the first time by calling us now.
Simplifying The Purchase Or Sale Process
Purchasing or selling a business can be a major, life-altering decision and can create significant stress. As business attorneys who often handle these transactions, we understand clients will be anxious about dealing with issues that are often new to them. We try to minimize your anxiety by initially describing the big picture and explaining why work is done rather than just using unfamiliar legal terminology in a stressful time. We can serve as a calming reference instead of a demanding technocrat.
We also believe that handling the transaction in a knowledgeable and professional manner will also enable the buyer and seller to remain assets to each other. While the transaction may be difficult, it need not result in harsh feelings.
Affordable And High-Quality Guidance For Business Transactions
Our business lawyers and staff have handled a tremendous number of business issues, including from initial formation to dissolution issues as well as sales transactions, sales of corporations or limited liability companies and mergers. The attorney you select should be able to handle delicate negotiations and expertly document the transaction. You do not have to pay us to figure out how to perform the work because we have done it before many times. As established business law attorneys, we can help you through all the steps, which include:
- Structuring the transaction and defining the total assets sold
- Considering the tax consequences of the structure and the choice of the type of entity to serve as purchaser
- Selecting and drafting contingencies and warranties
- Purchase price allocations for tax purposes
- Negotiation and documentation
- Asset encumbrance investigations
- Necessary post-closing actions and notifications
Speak With Our Business Staff For More Information
Call Hess & Jendro Law Office, P.A., today at 763-200-6626 or contact us online to arrange a free consultation to discuss your business sale or purchase. We want to be a part of this major step in your business life. Our Elk River offices are convenient for residents of the Twin Cities and the northwestern suburbs as well Central Minnesota. Avoid the stresses of the city and obtain high-quality legal counsel in a relaxing environment. Do not want to interrupt your workday? We are available nights and weekends.