Selling a Business in Arizona
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 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 Yuma not only help to acquire an offer, but also lends advice about which offers are worthwhile to consider. Preparing financial records to comply with Arizona and Federal law is imperative 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, normally 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?
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 may use the business property as it sees fit. The buyer of a business in Yuma may be interested only in control of the business, and other rights within the company may not be as important. Buyers are normally 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 essential, during which each party should use the opportunity to voice their intentions and concerns.
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Selling a Business Attorneys and Law Firms in the Largest AZ Cities
Life in YumaWith a population of just under 80,000 Yuma, Arizona is one popular city to live and work. Because of the beautiful weather and location, over 85,000 retirees make the Yuma metropolitan area their home at least part of the year. In fact, Yuma is considered the sunniest place on earth according to the Guinness Book of World Records.
Catering to both their older and younger residents, Yuma has numerous golf courses, spas, malls, parks and other recreation centers. The picturesque city takes advantage of its location on the Colorado River and residents and visitors can enjoy the River by kayaking down on the weekend.
Yuma is home to a number of educational facilities including a branch of Northern Arizona University and the University of Phoenix. With such an emphasis on education, it is of little surprise that so many great lawyers choose to live and practice in Yuma. Yuma lawyers are some of the best in the business and enjoy the sunny city and helping their client resolve his or her legal issue as quickly as possible.
How Can an Attorney Help?
The advice of a local lawyer practicing in Yuma will make it much easier to ensure the sale of your business is in compliance with Arizona law.