Business Sale or Purchase Laws

If you are purchasing or selling a business, which of the following issues is worthy of your attention?

  • Understanding tax considerations of an asset sale verses a stock or membership interest sale.
  • Identifying important assets, such as goodwill and other intangible assets.
  • Formalizing purchase agreements in writing and discussing important issues related to the transfer of assets, such as liabilities associated with such assets.
  • Reviewing public and private documents for red flags, such as taxes owed and liens on assets.
  • Titling assets appropriately (i.e. real estate, personal property, intellectual property) to ensure proper transfer.
  • All of the above.

As you may have already guessed, these are all vital considerations when a business transfers ownership, and there are many more depending on the type of business being transferred.

Whether the business in question is a manufacturing facility, a restaurant or bar, a shopping center or retail store, a software development company, a physician practice, or a tool and die business, Parmenter O’Toole can handle the purchase and sale of your business. Our experience ranges from conventional sales and purchases, to employee buyouts, to family business succession planning and implementation.

Related Services: Financing and Security; Transfer of Assets; Due Diligence; Business

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