Selling a Business in California

Inglewood 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 Inglewood, purchase agents do more than simply find buyers. They also lend advice about which offers are worthwhile to consider. The purchaser may want financial records to be updated in accordance with California and Federal law. This may be required by law in some cases, and besides, it always helps in determining the correct 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. The buyer of a business in Inglewood 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. Negotiations during the sales process are vital, and they should be used as an opportunity to voice fully each party?s intentions and concerns.

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Life in Inglewood

Inglewood, California is a city in Los Angeles County. It currently has a population of around 110,000 residents. It is located in the South Bay area of the Greater Los Angeles region.

Inglewood, California is a vibrant, diverse community. It is extremely ethnically diverse, as well as economically. Its relatively affordable housing makes it attractive to working class individuals, and its proximity to the Los Angeles area makes it attractive to middle-class professionals, such as lawyers.

Inglewood, California is noted for being the headquarters of the D.A.R.E. organization, which seeks to educate schoolchildren and young adults about the dangers of getting involved in violence and illegal drugs. D.A.R.E. employs hundreds of people at its headquarters, including several Inglewood, California attorneys.

If you live in Inglewood, California and are need of legal advice or legal services, you should not hesitate to call an Inglewood, California attorney as soon as possible.

How Can an Attorney Help?

California 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 attorney practicing in Inglewood.

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