Selling a Business in Florida

Find the right Selling a Business attorney in Coral Gables, FL

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. However, selling a business is rarely a simple affair. Parties to the purchase of a business must comply with Federal and Florida laws that govern mergers, acquisitions, negotiations and securities exchanges.

How Do I Sell a Business?

Obviously, the initial step in selling a business is to either receive an offer or solicit one. In Coral Gables, purchase agents do more than simply find buyers. They also lend advice about which offers are worthwhile to consider. Deciding the correct value for the rights you are selling is critical in this process. To do this, financial statements must be updated and prepared to comply with Florida and Federal law. A formal contracts will likely be written to solidify the sales agreement. Careful review of this agreement is imperative 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 may use the business property as it sees fit. Since buyers in Coral Gables are usually 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. Because of the wide variety of different concerns buyers may have, negotiations are essential. Each party should voice their intents and concerns during this process.

How Can an Attorney Help?

The advice of a local lawyer practicing in Coral Gables will make it much easier to ensure the sale of your business is in compliance with Florida law.

Talk to a Business Law Attorney now!

Life in Coral Gables

Believe it or not, but Coral Gables is a city located southwest of Downtown Miami. When we all think of Miami, we think of South Beach, not the neighboring Coral Gables. However, about 42,249 people call Coral Gables home.

Some popular attractions in the area include the Miracle Mile, DeSoto Fountain, Coral Way Scenic Drive, Coral Gables Museum, Lowe Art Museum, and the Montgomery Botanical Center.

Since Coral Gables is a planned community, it is known for its strict zoning regulations. The city is very particular on what type of theme/atmosphere needs to be creating in what part. There via strict zoning regulations, residents must comply and aid the city in maintaining the desired look.

Coral Gables, being so close to Miami, has access to many law firms of all size, that practice in practically all areas. These firms train very competent attorneys to handle any and all legal matters. Thus, residents of Coral Gables can stay rest assured because any of their legal needs can easily be handled by the nearby legal force.

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