Purchase, Sale, and Closing of a Business

In the lifecycle of any business, three significant events often occur: the purchase of a business, the sale of a business, and the closing or dissolution of a business. At each of these critical moments, having skilled legal counsel is essential to protecting your interests and ensuring a smooth transition. The Business Lawyers at Ferikes Bleynat & Cannon are ready to guide you through these processes, providing comprehensive legal support and strategic advice.

Buying a Business

Purchasing a business can be a complex transaction that requires thorough due diligence and careful legal planning. While many buyers engage in initial negotiations with sellers before contacting an attorney, it is crucial to seek legal counsel before signing any documents related to the sale. Our business lawyers will help you evaluate the key elements of the transaction, identify potential liabilities, and assess risks associated with the purchase.

We are skilled in working with both unrepresented sellers and their attorneys to prevent unnecessary delays in the closing process. Our team also has extensive experience negotiating essential terms in purchase agreements, ensuring that the transaction proceeds without jeopardizing your interests.

During the purchase of a business, confidentiality agreements are often necessary to allow buyers to review financial data and other sensitive information. At Ferikes Bleynat & Cannon, we draft confidentiality agreements and other due diligence documents efficiently, helping keep your purchase on track and ensuring your interests are protected.

Selling Your Business

When selling a business, many of the same considerations apply as when purchasing. One of the primary decisions is whether to sell stock or only the assets of the business. If you are financing part or all of the sales price, it’s important to protect your security interest in the business assets. Our business lawyers provide careful drafting of sales agreements and financing documents to ensure that you are fully protected.

Whether you’re selling a thriving business or planning for retirement, we help you navigate the sale process with confidence, ensuring that the transaction is structured to meet your financial and legal goals.

Closing or Dissolving a Business

In some cases, selling the business may not be an option, and the best course of action may be to close or dissolve the business. Whether due to lack of interested buyers or a decline in profitability, the decision to end a business must be handled with care to minimize exposure to liability and ensure that all obligations are properly concluded.

Our business attorneys work closely with clients to identify any potential liabilities that could remain after the business is closed. We will draft appropriate documents to mitigate these risks and collaborate with your accountant to structure the dissolution in a way that avoids unexpected tax liabilities.

Contact Us for Business Law Assistance

Whether you are purchasing, selling, or closing a business, the Business Lawyers at Ferikes Bleynat & Cannon are here to help you navigate the legal complexities and move forward with your business plans. Our team is dedicated to providing personalized legal services tailored to your unique business needs. Contact us today to learn more about how we can assist you.