Selling a Business in Alabama

Fayette Business Attorneys Lawyers, AL

Find the Right Lawyer Now

Selling a business after years of work can be very 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 initial step in selling a business, whether you solicit one or simply receive one spontaneously. In addition to securing a prospective buyer, purchase agents in Fayette can lend advice about which offers are worthwhile to consider. The purchaser might want financial records to be updated in accordance with Alabama and Federal law. This might be required by law in some cases, and besides, it always helps in determining the correct value for the rights you are selling. Finally, 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?

In selling a business, the buyer gains a right known as "control". Control of a business entitles a party to direct its operations and it may also controls what is done with business property. The right of control can be separated easily from the business, and this often leads the buyers in Fayette to be less interested in other rights within the company. In fact, buyers regularly leave other rights, such as the right to future earnings, with the sellers so that they can acquire control more cheaply. Negotiations during the sales process are essential, and they should be used as an opportunity to voice fully each party?s intentions and concerns.

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

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

Show Alabama Cities

How Can an Attorney Help?

Alabama law places certain requirements on parties selling a business. Making the sale run properly and smoothly is much easier with the advice of a local lawyer practicing in Fayette.

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.

General Practice Lawyer
LegalMatch General Practice Lawyer John D.

John D.

KALAMAZOO, MI

General Practice

Rating (11 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Alan R.

Alan R.

JOHNSON, KS

Family Law

Rating (26 users) *****
See Reviews
Business - Litigation Lawyer
LegalMatch Business - Litigation Lawyer David A.

David A.

Los Angeles West, CA

Business - Litigation

Rating (15 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Robert L.

Robert L.

KENT, RI

Family Law

Rating (7 users) *****
See Reviews

Need a Business Lawyer?

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