Gainesville Business Sales And Purchases Attorneys

Buying or selling a business? The first step in protecting yourself with respect to the transfer of a business is to ensure that a contract has been prepared that protects your interests prior to the closing of the transaction. A qualified business attorney can be invaluable in the process of purchasing or selling a business.

At Coleman, Chambers & Rogers, LLP, our business law attorneys combine for more than 100 years of experience in all aspects of business law. We know how to help you take any step you need to with your business in Georgia, including purchasing to expand or selling to move on. We’re here to help you realize your business goals.

How Should You Sell Your Business?

The fundamental question with respect to the purchase or sale of any business is whether the transfer is what is commonly defined as an “asset purchase” (where the purchaser is buying only the assets of the company, and not its liabilities) or a “stock purchase” (where the purchaser of the business is buying the stock of the company or the units or membership interests of an LLC, as well as all of the company’s liabilities).

There are certain tax consequences or benefits that are contingent upon whether the transaction is structured as an asset purchase or a stock purchase, and the way certain assets are classified within the contract for the purchase and sale of the relevant business will also affect the purchaser and seller’s future tax consequences. The assistance of an attorney familiar with the transfer of business interests is essential in negotiating a contract that will protect your interests with respect to the business both prior to and subsequent to closing.

Selling Or Buying A Business Can Come With Many Risks

When you sell or purchase an active business there are a host of risks you will have to worry about. Aside from the potential tax concerns, risks that may arise can include:

• Regulatory risks: Mergers are closely reviewed by the state and federal government to ensure there are no violations of the law. If a merger is seen to be too detrimental to competition, they may invalidate it.
• Unrealized liabilities: When you purchase a business and its assets you purchase any potential liabilities hidden in the business. We closely investigate each potential purchase to find any liability that may be disqualifying.
• Employee integration: If you’re purchasing another business as a small business owner or integrating them into a larger whole, bringing the existing staff into the fold is a challenge you cannot overlook.
• Valuation: The value of a business and its assets are always in a state of flux, especially as it leads up to a sale. We closely monitor valuations and give an unvarnished opinion on what we believe the proper sale amount should be.

It’s not always possible to keep an eye on all of the risks that come up in your purchase or sale. But we can give you the benefit of extensive experience and help you stay informed and ahead of the curve.

Experienced Business Attorneys Ready To Get To Work

At Coleman, Chambers & Rogers, LLP, we have business law attorneys who are familiar with buying and selling business, and who can assist you with the purchase or sale of your business in Gainesville. Call 678-601-2495 now or schedule an appointment online with one of our business attorneys to discuss any of your corporate needs.