Selling a Business in Arizona

Somerton Business Attorneys Lawyers, AZ

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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 Arizona laws concerning mergers, acquisitions, negotiations and securities exchanges that must be followed.

How Do I Sell a Business?

To sell a business there must be an offer, whether it is solicited or not. Purchase agents in Somerton not only help to secure an offer, but also lends advice about which offers are worthwhile to consider. Preparing financial records to comply with Arizona and Federal law is essential and will help determine the proper value for the rights you are selling. As a final step, an agreement for the purchase will be reached, typically in the form of a written contract. It should be reviewed by all parties to ensure that what was agreed upon is accurately presented.

What Will I Give Up in the Business?

Essentially, the sale of a business entails the passing of a right known as ?control?. With control of a business, a party may direct its operations and dispose of its property as it sees fit. The buyer of a business in Somerton may be interested only in control of the business, and other rights within the company may not be as important. Buyers are typically looking for the cheapest route to control, and this may allow the seller to retain other rights such as the right to future earnings. These particularities make negotiations vital, during which each party should use the opportunity to voice their intentions and concerns.

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How Can an Attorney Help?

The advice of a local attorney practicing in Somerton will make it much easier to ensure the sale of your business is in compliance with Arizona law.

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