Thinking About Buying or Selling a Business?
Buying or selling a business can be one of the most significant (and life changing) moments of your life. Because of that, you want to make sure that you use a lawyer for the transaction who is going to help ensure that the deal is structured in such a way that it will protect you, ensure that you get the best possible deal in the circumstances, keep the taxes you will pay on the transaction as low as possible, and take into account all relevant details.
When selling or buying a business, it’s important to get clear on what are your primary goals within the transaction.
Are you primarily seeking to make the most money on the sale, or is it more important to you that it be sold to an individual who you could continue to work with for the next five years as you transition out of the business? Are you seeking to buy a business that you are passionate about, or one that will be the most lucrative?
Next, it is also important to be clear on whether you want to enter into an asset or a share sale. This decision is based upon an analysis of the circumstances and your goals while taking into account issues such as the degree of potential liability of the business, tax implications, and the transfer of employees.
At Global Equity Law, we have helped numerous individuals to buy or sell their businesses, and we know how to ensure that this transition in your life is as exciting and positive as possible. Contact us today to set-up a free consultation to discuss how we can help you buy or sell your business.