Selling a Business in Alabama

Alabaster Business Attorneys Lawyers, AL

Find the Right Lawyer Now

Selling a business after years of work can be extremely profitable. Many businesses are created with the hopes that they will one day be acquired by a larger firm. The sale can be complicated, however. There are Federal and Alabama laws concerning mergers, acquisitions, negotiations and securities exchanges that must be followed.

How Do I Sell a Business?

An offer is the first step in selling a business, whether you solicit one or simply receive one spontaneously. In addition to securing a prospective buyer, purchase agents in Alabaster can lend advice about which offers are worthwhile to consider. Preparing financial records to comply with Alabama and Federal law is essential and will help determine the proper value for the rights you are selling. Lastly, an agreement will be reached in the form of a written contract. All parties should review the contract to ensure that it reflects a complete understanding of what the parties have agreed.

What Will I Give Up in the Business?

The sale of a business is simply the transfer of a right known as "control". The party with control of a business directs its operations and can use the business property as it sees fit. Since buyers in Alabaster are generally concerned with acquiring control, they may be willing to allow other rights, such as the right to future earnings, to remain with the seller in exchange for the cheapest price on the right of control. Negotiations during the sales process are vital, and they should be used as an opportunity to voice fully each party?s intentions and concerns.

Find a Alabaster Lawyer that Specializes in Your Area of Need:

3 Business - Transactional cases posted to LegalMatch lawyers in Alabaster

Selling a Business Attorneys and Law Firms in the Largest AL Cities

Show Alabama Cities

How Can an Attorney Help?

Parties who want to sell businesses must meet the requirements of Alabama law. Ensuring that the sale is proper is much simpler with the advice of a local attorney practicing in Alabaster.

Find the Right Lawyer Now

Breach of Contract Lawyers in Other Alabama Cities and Towns

Top Rated Lawyers

View attorney profiles and see how other LegalMatch users rate attorneys that may respond to your case.

Family Law Lawyer
LegalMatch Family Law Lawyer Ayn T.

Ayn T.

SHELBY, AL

Family Law

Rating (1 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Scott J.

Scott J.

SHELBY, AL

Family Law

Rating (4 users) *****
See Reviews
General Practice Lawyer
LegalMatch General Practice Lawyer Jesse H.

Jesse H.

MONTGOMERY, AL

General Practice

Rating (4 users) *****
See Reviews
General Practice Lawyer
LegalMatch General Practice Lawyer Paul S.

Paul S.

DEKALB, AL

General Practice

Rating (1 users) *****
See Reviews

Need a Business Lawyer?

No obligation - Lawyers compete for your case. Choose your issue & get started now: