Everything You Need to Know About Buying your Business or Selling your Business is Right Here:
There is a lot to know about successfully buying or selling a business’s assets or shares. Every deal is different as are the parties involved. Each industry requires different considerations. At the heart of every good deal, however, are certain fundamentals that every agreement should have. These involve the right processes, closing documents, and considerations to mitigate risk.
Have a look at our articles below where we discuss everything you need to know about buying or selling a business.
Every agreement for purchase or sale of a business’s assets or shares includes a two-step process involving, firstly, a negotiation that culminates in the closing of a deal. Following the execution of the agreement, the process continues with the fulfillment of conditions outlined in the agreement and a variety of closing documents, which must be drafted and signed.
Closing documents include the key documents central to closing the business transaction — Examples includes: ; non-competition and non-solicitation agreements; minute book closing documents, certificate of incumbency, bring-down certificate of representations and warranties, and a post-closing consultation agreement.
Protecting Your Interests
If you are thinking of purchasing or selling a business, you should carefully consider the advantages and disadvantages of an asset sale versus a share sale. You should also keep in mind two contentious issues that you can expect to be negotiated: 1) employees’ liabilities and 2) measures to preserve the goodwill of the business after closing (e.g. non-competition and non-solicitation agreement)
Thank you for visiting our page on everything you need to know about buying or selling a business. We hope that you found the articles above helpful. There is a lot to know to ensure that your purchase or sales agreement leads to a firm closing that you can feel secure about. Contact a lawyer at Kalfa Law today to provide you with the assistance and guidance you need to help with the process of closing the transaction.
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The above provides information of a general nature only. This does not constitute legal advice. All transactions or circumstances vary, and specified legal advice is required to meet your particular needs. If you have a legal question you should consult with a lawyer.