Selling a Business
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After you have spent years building a successful business, you may decide to enjoy the fruits of your labor and sell your business to recognize the value you have worked hard to create. However, if you have never sold a business before, the process can easily seem daunting. The last thing you will want to do is to make a mistake during the transaction process and lose an opportunity to sell or end up with a deal that is less optimal than you could have otherwise achieved. When you are looking to sell your business, you need experienced legal representation to help guide you through the process of selling your company, look out for your rights and interest, and make sure that you obtain a favorable deal.
At Bramnick, Rodriguez, Grabas, Arnold & Mangan, our attorneys have helped business owners through the process of selling their companies since 1984. Our attorneys have extensive experience and significant knowledge of what goes into the process of selling a business, and we are ready to utilize our knowledge and firm resources to get you the best possible result if you are looking to sell your company. Contact us today for an initial evaluation to discuss your business with us and learn more about how we can help you with the sale of your company.
When you and your business partners or co-owners make the decision to sell your business, you have a long road with many steps to follow before the transaction to sell your business closes. At Bramnick, Rodriguez, Grabas, Arnold & Mangan, we can help you through each of the steps in selling a business, including:
When you hire Bramnick, Rodriguez, Grabas, Arnold & Mangan to represent you in selling your business, you can expect honest, expert advice and dedicated advocacy at each step in the process, including developing exit goals and strategies, valuing your company, finding and vetting potential purchasers, negotiating deal terms, helping you through due diligence, and finalizing transaction document and closing on the sale. Our skilled transactional lawyers will leave no stone unturned in ensuring you get the best possible outcome from the deal; we strive to provide you and your company with the skill and care that you deserve.
If you and your co-owners have decided to sell your business, you need experienced legal representation on your side to help guide you and your company through the sale process, make sure that your rights and interests are protected, and ensure you obtain the best deal possible. Contact Bramnick, Rodriguez, Grabas, Arnold & Mangan today to schedule a consultation with one of our experienced business attorneys to learn more about how our firm can help with a smooth and successful sale of your business.
Your tax liabilities from the sale of your business will depend on several factors, including how your company is taxed and how the sale transaction itself is structured. Many times it is possible to structure a business sale so that the owners only pay long-term capital gains taxes on the purchase price, although sometimes the proceeds from a sale may be treated as ordinary income.
At some point during the sale process, it will become necessary to allow a prospective purchaser to review some of your business’s most sensitive documents, such as financial statements and contracts and agreements. Before this happens, your company and the prospective buyer will usually execute a non-disclosure agreement that precludes the prospective buyer from disclosing or using sensitive information about your business. In addition, it is also advisable to place due diligence documents in a physical or electronic “data room”, where the prospective buyer can review the documents but does not get a copy of your sensitive information to hold in the buyer’s possession.