Business Purchase and Sale
If you are considering selling or buying a business in California, there is a multitude of factors you need to address at the earliest stages of the transaction. Whether you are the buyer or seller, solid advice and counsel is essential as you identify your goals, determine the right structure, negotiate a deal, and draft the necessary contracts.
A business purchase and sale attorney can provide the legal support you need throughout the process, so please call 916-492-6033 to reach the Sacramento, CA Law Office of Kristina M. Reed. We can schedule a consultation to discuss your circumstances and get started on a strategy to achieve your objectives.Representing Buyers and Sellers
Though buying or selling a business falls within the confines of contract law, there are often many important issues that the parties overlook. Whether representing you as seller or buyer, Attorney Reed recognizes that there is no such thing as a typical transaction. She will take a personalized approach to accommodate your objectives and protect your interests.
- Business Sale Attorney: In representing you as seller, Ms. Reed will endeavor to get the best possible price and favorable terms. It is important to ensure you have limited post-closing liabilities, such as non-compete agreements and warranties.
- Business Buyer Lawyer: As attorney for the buyer, Ms. Reed negotiates for value and to ensure your expectations are met. When the transaction includes rights to intellectual property, licenses, inventory, and other assets, she will confirm smooth transfers over to you. Another key point for a buyer is eliminating or minimizing risk related to liabilities of the prior owner.
Attention to detail is central to a business purchase and sale, as the terms must be carefully negotiated and all relevant documents must be meticulously crafted. Some options may include:
- Stock Purchase: When the transaction encompasses purchase of stock, there are multiple approvals on both sides. If you are the buyer, you need consent from the board of directors and must negotiate an agreement to purchase the stock of each shareholder.
- Asset Acquisition: If the business sale and purchase is an asset transaction, complicated legal issues may arise with respect to long-term contracts. Along with numerous approvals for the board of directors and shareholders for each party, you may also need consent from any third parties that have an interest in the transaction.
Many business sale and purchase transactions involve a combination of both stock and asset acquisitions. The legal concepts of both will apply, which can further complicate the process. With a dedicated, knowledgeable business purchase and sale lawyer on your side, you have the necessary assistance to navigate the process and emerge satisfied with the outcome.Helping You Achieve Your Objectives with a Business Purchase or Sale
If you would like more information on buying a company or selling your existing business, please call 916-492-6033 to reach the Law Office of Kristina M. Reed in Sacramento, CA. We can set up a consultation to review your situation, evaluate your objectives, and develop a strategy to achieve them.