Selling a Business in California

Burlingame Business Attorneys Lawyers, CA

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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 process of selling your business can be complex, however. Federal and California laws over mergers, acquisitions, negotiations and securities exchanges may be important in the transaction.

How Do I Sell a Business?

Obviously, the first step in selling a business is to either receive an offer or solicit one. In Burlingame, purchase agents do more than simply find buyers. They also lend advice about which offers are worthwhile to consider. During this process, the financial records must be updated and prepared in strict accordance with California and Federal law. The reliability of these methods is crucial in determining the proper value for the rights you are selling. Usually a formal contract will be written as the agreement nears its conclusion. The provisions contained in the contract should present all matters discussed in a fair light, and this requires careful review by both parties.

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. A party seeking to purchase a Burlingame business may not be concerned with all aspects of the company. In fact, purchasers are usually interested in acquiring control as cheaply as possible, and this may allow other rights, including the right to future earnings, to be apportioned or even retained by the seller. Because of the wide variety of different concerns buyers may have, negotiations are vital. Each party should voice their intents and concerns during this process.

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Life in Burlingame

Burlingame, California is a city in San Mateo County, California. It is located south of San Francisco, on the San Francisco Peninsula. It has a significant portion of shoreline on the San Francisco Bay. Its population is about 29,000 people.

Burlingame is unofficially nicknamed the "city of trees" because of the huge number of trees within the city limits (there are over 18,000 publicly-owned trees in Burlingame, California). Thanks to its close proximity to the San Francisco International Airport, many airlines and related companies do a large amount of business in Burlingame, California. 

Airlines employ a very large number of people, in a wide range of industries. These included administrative personnel, such as Burlingame, California lawyers.

So, if you live in Burlingame, California and are in need of legal advice, it's almost certain that there are attorneys in Burlingame, California who can assist you.

How Can an Attorney Help?

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

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LegalMatch Business - Transactional Lawyer Mark W.

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LegalMatch Business - Transactional Lawyer Julian C.

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LegalMatch Business - Transactional Lawyer Cynthia F.

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