To ensure that the sale process is compliant with applicable laws and regulations.
To provide legal advice regarding any potential liabilities that may arise during or after the sale of the business.
To review contracts and other documents related to the sale, including purchase agreements, loan documents, and leases.
To protect confidential information from being disclosed to parties not involved in the transaction without prior authorization from all parties concerned (including buyers).
Reasons to Sell Your Business:
Retirement
Ready to retire and pass the company along to someone else to keep it running? This could be due to age, physical limitations, or simply a desire for a change of pace. The sale would provide you with financial security in retirement while ensuring that the business you have built is not lost but rather passed on to new hands who can continue its development. In addition, selling the business would give you an opportunity to explore other interests outside of work that you had previously been unable to pursue due to your dedication towards managing your company.
Health Reasons
Is your health preventing you from managing your business or maybe your business is taking your focus from your well-being? Whether due to medical reasons or simply because you no longer have the energy or capacity to manage all aspects of running a successful business. The sale of the company would provide an opportunity for someone else with more energy and resources to take over and ensure its continued success. In addition, if the health issue is serious enough, selling may be necessary in order for you to receive proper treatment or care without having any additional financial burden.
Change of Interests
Are you no longer interested in running the company you were once passionate about due to a change in interests or goals? Maybe you have become interested in a different industry and want to pursue that instead, or you might be ready for a new challenge and don’t feel like your current business is providing it. Additionally, you could be seeking greater returns on your investment, which can be achieved by selling the existing business and investing in something else with more potential. Or perhaps, you find yourself at a point where the company has reached its peak performance, so there is no longer any room for growth.
About Us
The Law Office of Bradley Gies, P.A. is experienced in business transactions, including the sale of businesses. We help our clients plan, negotiate, and draft the documents necessary for your business’s legal needs.