Buying or Selling Your Business

If you are considering at buying or selling a business, be aware that these transactions can be lengthy and complicated due to their long-lasting effects. If the purchase goes smoothly, it can greatly benefit you and your business. However, if the sale is not properly managed, it can keep your business mired in litigation for years.

The entire process, from interest to a letter of intent to a final agreement, should be done with a trusted lawyer at your side. Each business purchase or sale is different and involves different areas of expertise depending on the type of business being purchased or sold along with the type of buyers and sellers involved in the transactions (corporations, venture capitalists, individuals, etc.).

If you are selling your business, you want to make sure that the purchaser cannot sue you later. If you are purchasing the business, you want to be sure both of what you are getting regarding both the assets and liabilities of the business. This process is called due diligence.

If you want to contact Owens & Perkins regarding the purchase or sale of a business, click here.