Selling a Business in California
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 Dana Point, purchase agents do more than simply find buyers. They also lend advice about which offers are worthwhile to consider. Preparing financial records to comply with California and Federal law is essential and will help determine the proper 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 right of control can be separated easily from the business, and this often leads the buyers in Dana Point to be less interested in other rights within the company. In fact, buyers generally leave other rights, such as the right to future earnings, with the sellers so that they can acquire control more cheaply. Negotiations become vital in light of these particularities, and each party should use negotiations as an opportunity to make plain their intentions and concerns.
Find a Dana Point Lawyer that Specializes in Your Area of Need:
19 Business - Transactional cases posted to LegalMatch lawyers in Dana Point
Selling a Business Attorneys and Law Firms in the Largest CA Cities
Life in Dana PointDana Point, California is situated in the southern area of Orange County, near the western coast. It is known for its mild climate and warm temperatures, typical of a California coastal city. Dana Point has a population of over 33,000 and is a favored location for surfing. It was named after the Dana Point headlands.
Dana Point's city motto is, "Harboring the Good Life", which speaks of both its harbor culture and its laid-back atmosphere. Popular places to visit include Dana Point Harbor, Salt Creek Beach Park, and Doheny State Beach Park. These locations provide excellent locations for outdoor activities such as surfing, picnics, and beach sports. In its early history, Dana Point, California has been described as "the only romantic spot on the coast".
It goes without saying that many of the events and attractions in Dana Point, California revolve around its beautiful beaches. These include the "Festival of Whales" and the "Tall Ships Festival". The annual Dana Point Grand Prix is a bike race winding through downtown and continuing on to some spectacular, breathtaking views. Many of the beach areas also feature local shopping, fine seafood dining, and boutique shops.
Lawyers in Dana Point, California assist the community in a broad range of legal topics. Some of the legal issues and laws in Dana Point may be specific to the area. Experienced Dana Point lawyers can provide legal services that are tailored to meet the needs of city residents.
How Can an Attorney Help?
The law in California places certain demands on parties who want to sell a business. Attorneys in Dana Point are qualified to advise you in this process and ensure that the sale is in compliance with the law.