Whether you’re buying or selling a business, there are critical facts you should know first. Doing your due diligence beforehand by gathering information regarding the company’s financial history, employee files, any past lawsuits and contracts with other businesses, and the business’ leases. This information will help you gain a better understanding of the value of the business you’re looking to buy or sell, and possible contracts that will need to be terminated or put into place. You should also know the kind of acquisition you’ll be looking for, like a merger versus a final sale.
Buying or selling a business is a complicated process that often times involves a significant amount of money. Because of this, we highly recommend working with an experienced business attorney to help you navigate the legal paperwork and to ensure the timely and lucrative sale or purchase of your business. Contact one of our attorneys to represent you in these important transactions to keep you and your business protected.