Selling a Business in Florida

Find the right Selling a Business attorney in Lakeland, FL

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. 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?

An offer is the first step in selling a business, whether you solicit one or simply receive one spontaneously. In addition to securing a prospective buyer, purchase agents in Lakeland can lend advice about which offers are worthwhile to consider. During this process, the financial records must be updated and prepared in strict accordance with Florida and Federal law. The reliability of these methods is essential in determining the proper value for the rights you are selling. As a final step, an agreement for the purchase will be reached, normally 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?

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. Since buyers in Lakeland are typically 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 vital. Each party should voice their intents and concerns during this process.

How Can an Attorney Help?

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

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Life in Lakeland

Lakeland is located in Polk County, Florida. It is between the popular cities of Tampa and Orlando alongside Interstate 4.

The economy of Lakeland prospers from the citrus, cattle, and phosphate mining industries. The largest employer is Publix Supermarkets. Other top employers include FedEx Freight FedEx Services, Saddle Creek Corporation, GEICO, Summit Consulting, and Rooms To Go.

Lakeland is a place filled with history. Some popular historic attractions are Dixieland, Biltmore-Cumberland, Beacon Hill-Alta Vista, and Munn Park.

Being so near Tampa and Orlando, Lakeland residents can take their complex legal programs to the mid to large size firms located in these two large cities. For any small legal issues, Lakeland is filled with small law offices that are owned by excellent, competent attorneys.

Overall, Lakeland is a wonderful area to live in. It has the small town feel but is surrounded by two of Florida's largest, metropolitan cities. Lakeland residents have the best of both worlds!

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