Buying and Selling A Business

The reality, though, is that business are bought and sold every day. Whether for personal or strategic reasons, sometimes parting ways with your company or acquiring a new one makes the most business sense.

Just because it happens all the time doesn’t mean that buying or selling a business is a simple matter. Business sales are complex and involve lots of moving parts, so it’s crucial that you get guidance from a trusted expert who’s familiar with the process.

Ambition is a great thing, but don’t let it get ahead of you. After all, your livelihood and, in some cases, your financial future can depend on entering into the right deal. The experienced attorneys at Gouchev Law will help you make the right decisions to turn your innovations into success.

It’s Crucial to Do Your Homework

Whether you’re on the buying or selling side, a lot of preparation needs to go into the sale of any business. Before you even consider entering into an agreement, you need to do thorough due diligence to be sure you know what you’re getting. Even if you’re dealing with a party you trust, it’s up to you to do your own investigation to make sure that everything is in line. Everyone has their own goals, and it’s important that you prioritize your own.

Failing to do your due diligence could not only lead you to overpay, it could also land you with a business that’s plagued by regulatory or legal issues that you didn’t bargain for. On the selling side, you want to be sure that you’re not selling your company for less than it’s worth, and that your buyer truly has the means to pay. You don’t want all your time and efforts to be a waste when the deal falls through at the last minute or you don’t get your money.

Read the Fine Print

Just like with any contract, you need to be absolutely certain that your acquisition agreement accurately reflects the terms of your deal. Contracts tend to be daunting to anyone who hasn’t had legal training, and understandably so. An experienced business law attorney can save you endless stress and headaches by guiding you every step of the way and looking out for your best interests.

You should never finalize any agreement unless you’re entirely comfortable. Every business is as unique as the person who started it, so there’s no one-size-fits-all model for the purchase or sale of a business. If you’re selling your business, you want to give the sale the same time and attention that you put into building it. If you’re acquiring a business to expand your growing enterprise, you need to be sure that it meets all your requirements and fits with your unique brand. Strategic growth can lead to endless possibilities.

At Gouchev Law, our team is here to help you make good business decisions and find the growth opportunities that are most favorable for your unique business. From making the decision to buy or sell, to conducting due diligence, to finalizing the necessary contracts and paperwork, we’ll be by your side every step of the way to ensure that your interests are protected.

We do the heavy lifting, so you can focus on being successful in this exciting new phase of your company.