Law Library Articles

Top 10 Buying and Selling a Business Articles in the LegalMatch Law Library

Major business interactions can lead to serious legal as well as monetary consequences. However, speaking of making money, every businessperson dreams of the moment when endless riches, executive suites, and private jets are just a handshake away.

The purchase or sale of a business requires a significant amount of strategic planning. The Top 10 LegalMatch articles on Buying and Selling a Business offer a great introduction to a number of pertinent legal topics.

1. Purchasing an Existing Business

Buying an existing business requires careful research. You should review the company’s financial records and legal documents. An attorney can help you ask the right questions and negotiate a fair purchase price.

2. Business Dissolution Lawyers

Business dissolution is the formal process of closing a business. It involves informing tax agencies and canceling all licenses and permits. You must also notify creditors and sell off company assets. Learn more about your legal rights when it comes to business dissolution issues.

3. Should I Hire a Lawyer When Selling a Business?

Selling a business involves many legal risks for the owner. A business lawyer can help you prepare for the sale and handle any disputes that arise. They can also assist with drafting and reviewing the final sales contract.

4. Buying and Selling a Business

When buying a business, it is important to develop a solid business plan. When selling, you should make sure all debts are resolved before the sale. A business lawyer can help with the legal issues of the transaction.

5. Business Merger Lawyers

A business merger combines two companies into a single new entity. Mergers can be a way for a small business to grow without selling the company. A business lawyer can help you navigate the legal rules involved in a merger.

6. Negotiating Business Mergers

Negotiating a business merger requires compromise and a well-formed team. Fights over money are common, and both sides will want a degree of control. It is important to choose your battles wisely and not create unnecessary bitterness.

7. Legal Issues When Starting a Company

Starting a new company involves several legal steps. You must choose a business structure and a unique name. You also need to obtain the necessary licenses and understand local zoning laws.

8. Selling or Closing Your Business

When closing a business, you cannot simply lock the doors. You must follow a formal dissolution process with the state. This includes voting to close the business and filing the correct government forms.

9. Business Valuation Laws

A business valuation determines the economic worth of a company. This is important when buying or selling a business, or for tax purposes. Methods include looking at assets, market comparisons, and future earnings.

10. Dissolving a Small Business

Dissolving a small business requires several steps to be legally compliant. You must notify tax agencies and cancel all business licenses. It is also necessary to inform creditors and collect any outstanding debts.