SALE & PURCHASE OF BUSINESS ENTITIES
The firm can represent you in the purchase and sale of a business from the time of initial information gathering with a letter of intent, contract negotiations, due diligence and review of documentation and inspections, financing needs and closing of title.
The purchase and sale of a business is a massive undertaking that requires dozens of carefully executed steps. Working with an experienced small business attorney is paramount to ensuring your interests are protected throughout the process. As business owners ourselves, Phelan, Frantz, Ohlig & Wegbreit’s lawyers have an intimate understanding of the workings of a business and the complexities involved in finding the right buyer/seller match.
We also know you are likely to be very personally and professionally invested in the company you seek to buy or sell. After all, regardless of your role in the transaction, your future depends on the sale going as planned. Together, we can achieve the best possible outcome.
We take the time to educate you on the various steps needed to pursue a business acquisition or sale, ensuring you understand why each step is necessary for protecting your interests. While we certainly manage the nuts and bolts of the sale—from drafting and reviewing documents to negotiating terms–we can also counsel our clients regarding the more nuanced aspects of the transaction. For example, we can offer counsel on preserving relationships, managing expectations, and other aspects of transition planning.
Our experienced small business lawyers also work together with your other advisors, such as your accountant, to ensure you understand the financial and legal implications of different buy/sell scenarios. We will guide you through every stage of the transaction, from initial inquiry to closing. As your trusted small business attorneys, we assist with
- Drafting the letter of intent, contract, and other documents
- Advising on steps to determine financial risk and business viability
- Negotiating contract terms
- Performing due diligence
- Reviewing documents and inspection reports
- Reviewing and advising on financing terms
- Overcoming logistics challenges
We will also help you address any concerns that come up along the way, such as title problems, zoning or land-use issues, or financing challenges. Whether you’re the buyer or the seller, we work tirelessly to ensure that you receive the best possible terms and outcome.
As full-service small business planning attorneys, serving as counsel on the purchase and sale of a business is just one aspect of what we do. Phelan, Frantz, Ohlig & Wegbreit’s lawyers often act as ongoing counsel to the many businesses we serve in the area. We understand that your business is a reflection of who you are, and we are honored to help you ensure your company’s success, now and into the future.
Contact our small business attorneys today to discuss the sale and purchase of a business. We look forward to speaking with you.