Selling a Business in California

Palo Alto 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?

Of course, there must be an interested buyer with an offer in order to sell a business. The job of purchase agents in Palo Alto is not only to secure an offer, but they also lend advice about which offers should be considered. During this process, the financial records must be updated and prepared in strict accordance with California and Federal law. The reliability of these methods is crucial in determining the proper value for the rights you are selling. A formal contracts will likely be written to solidify the sales agreement. Careful review of this agreement is necessary so that all concerns voiced during negotiations are 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 can use the business property as it sees fit. A party seeking to purchase a Palo Alto business may not be concerned with all aspects of the company. In fact, purchasers are usually interested in acquiring control as cheaply as possible, and this may allow other rights, including the right to future earnings, to be apportioned or even retained by the seller. Because of the wide variety of different concerns buyers may have, negotiations are vital. Each party should voice their intents and concerns during this process.

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Life in Palo Alto

Palo Alto, California is a city in Santa Clara County. It has a population of approximately 64,400 people.

Palo Alto is best known for being the home of Stanford University, which is one of the top universities in the country. Stanford is particularly known for its law school, which consistently ranks as one of the top 3 law schools in the United States, along with Harvard and Yale. Stanford University has produced some of the most successful lawyers in Palo Alto, California.

Because of its location in Silicon Valley, and the presence of a world-class law school, some of the biggest and most well-known law firms in the world have opened offices in Palo Alto. 

If you need legal representation, it's almost certain that there's a Palo Alto, California who has the expertise needed to help. Palo Alto, California attorneys are capable of handling a wide range of legal problems.

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 Palo Alto.

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LegalMatch Business - Transactional Lawyer Mark W.

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LegalMatch Business - Transactional Lawyer Corey P.

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