Business Sale Lawyer
A business sale is a complex process. Often, it involves the interplay of business law, contract law, tax law and real estate law. Mackay, Caswell & Callahan, P. C., though, is here to help. Unlike many firms, we have considerable knowledge and experience in each of these areas of law. We provide exceptional representation for business owners and potential business owners who wish to purchase or sell a business. If you want to schedule an appointment with a New York/Connecticut business attorney, please call toll free 844-MCC-4TAX, or contact us online.
Business Sales and Purchases
Buyers and sellers should retain legal counsel to structure a purchase or sale that is in their best interests. We begin the process by discussing objectives. Later, we advise clients on whether to structure the sale as a stock purchase or asset purchase. With a stock purchase, no no entity creation is required by the buyer. Asset purchases, though, usually require the buyer to set up a new entity. We can provide the buy-sell agreements and the shareholder agreements, which may include terms for selling stock, voting trust provisions, and valuation provisions for death, disability, and voluntary or involuntary retirement. We advise the parties on the tax implications of entity choice, the cost of setup and the flexibility of each entity.
Our experienced business lawyers offer counsel regarding all aspects of business purchases and sales. If applicable to the specific transaction, these can include:
- Drafting and reviewing purchase agreements and shareholder agreements
- Performing due diligence
- Commercial real estate leasing, sales or purchases
- Lease of equipment
- Determining who owns intellectual property
If desired, we can also help buyers understand the long-term benefits and consequences of each option.
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