Selling a Business in California

Find the right Selling a Business attorney in Thousand Oaks, 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?

Of course, there must be an interested buyer with an offer in order to sell a business. The job of purchase agents in Thousand Oaks is not only to secure an offer, but they also lend advice about which offers should be considered. 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. As a final step, an agreement for the purchase will be reached, usually 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?

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. Since buyers in Thousand Oaks are generally concerned with acquiring control, they may be willing to allow other rights, such as the right to future earnings, to remain with the seller in exchange for the cheapest price on the right of control. 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?

In selling a business, the seller must meet the requirements of California law. A local attorney practicing in Thousand Oaks will be able to advise you about your particular sale.

Talk to a Business Law Attorney now!

Life in Thousand Oaks

Thousand Oaks, California is a master-planned city located in Ventura California. It is named after the abundance of oak trees in the city. Thousand Oaks contains about 2,000 single family residences, an industrial park, a regional shopping center, and various neighborhood retail centers.

The local economy of Thousand Oaks consists of numerous businesses, namely biotechnology, electronics and telecommunications, and cosmetics. Major corporations in Thousand Oaks include Baxter Healthcare Corporation, Amgen, Inc., Jafra Cosmetics, and a Verizon Regional Office. These companies, along with many other employers, attract a large number of residents and commuters to the city.

Popular destinations in Thousand Oaks, California include: the Thousand Oaks Civic Arts Center, Wildwood Regional Park, and The Oaks Shopping Center. Many national store chains establish new locations in Thousand Oaks when expanding to the West Coast, as the city is often at the forefront of fashion and retail trends. Due to its location in the northwest region of the Greater Los Angeles Area, many famous actors, singers, and celebrity superstars chose to live in Thousand Oaks. These have included Colbie Caillat, Heather Locklear, Sophia Lauren, and Dean Martin.

In order to meet the needs of the community, lawyers in Thousand Oaks, California offer services in many different areas of law. Thousand Oaks lawyers handle legal matters that are sometimes unique to the region. Legal advice is available for those with questions about the laws in Thousand Oaks.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Howard B.
Howard B.

Business - Litigation

Rye Brook, NY

Mark B.
Mark B.

Business - Litigation

Roseland, NJ

David A.
David A.

Business - Litigation

Walnut Creek, CA