Selling a Business in California

Malibu 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 Malibu, 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. Normally 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?

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 can also controls what is done with business property. Because the right of control is separable, the buyer of a business in Malibu may not be interested in other rights within the company. Actually, control is normally cheaper to purchase without other rights such as the right to future earnings. Sometimes buyers negotiate to allow those right to remain with the seller. 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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3 Business - Transactional cases posted to LegalMatch lawyers in Malibu

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Life in Malibu

Malibu, California is a beachfront city in Los Angeles County, California. its population is approximately 12,700 people.

Malibu is one of the most affluent cities in Los Angeles County, with a median household income of over $100,000 per year. 

Malibu is best known for its beaches. The presence of these beaches, and their quality, caused the value of beachfront property in Malibu, California to soar, with people from all over the country scrambling to take up residence there. Over the past several decades, this created a boom for real estate brokers, and Malibu, California real estate attorneys.

Malibu, California is home to several popular art festivals and art museums, including a branch of the Getty museum.

If you live in Malibu, California and need a lawyer, you're in luck. There are many very successful and sophisticated lawyers in Malibu, California who can help.

How Can an Attorney Help?

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

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