Selling a Business in California

Find the right Selling a Business attorney in Los Gatos, CA

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 Los Gatos, 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?

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 Los Gatos to be less interested in other rights within the company. In fact, buyers often leave other rights, such as the right to future earnings, with the sellers so that they can acquire control more cheaply. Negotiations during the sales process are essential, and they should be used as an opportunity to voice fully each party's intentions and concerns.

How Can an Attorney Help?

Parties who want to sell businesses must meet the requirements of California law. Ensuring that the sale is proper is much simpler with the advice of a local attorney practicing in Los Gatos.

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Life in Los Gatos

Los Gatos, California is a city in Santa Clara County, in the southern portion of the San Francisco Bay Area. Its population is currently about 25,000 people. "Los Gatos" is Spanish for "the cats." The name refers to the mountain lions which used to roam the area.

The nearest large city to Los Gatos is San Jose. It is also a fairly short drive from the other major Bay Area cities of San Francisco and Oakland, meaning that residents of Los Gatos, California have access to a wide variety of amenities and job opportunities that these three large, and very different, cities offer.

Being located in the Silicon Valley region of California, several high-tech companies, including Netflix, ImageShack, Cryptic Studios, among others, are headquartered in Los Gatos, California.

Thanks to the presence of companies like those, many national and international law firms have Silicon Valley offices, many of them close to Los Gatos. Of course, you don't need to be able to afford the rates charged by a large law firm to get quality legal representation in Los Gatos, California. There are many quality and affordable Los Gatos, California lawyers who can help you with almost any legal issue you might be facing.

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