Selling a Business in Florida

Find the right Selling a Business attorney in St. Petersburg, 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 St. Petersburg can lend advice about which offers are worthwhile to consider. The purchaser may want financial records to be updated in accordance with Florida 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. Lastly, an agreement will be reached in the form of a written contract. All parties should review the contract to ensure that it reflects a complete understanding of what the parties have agreed.

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. Because the right of control is separable, the buyer of a business in St. Petersburg may not be interested in other rights within the company. Actually, control is usually cheaper to purchase without other rights such as the right to future earnings. Sometimes buyers negotiate to allow those right to remain with the seller. The wide variety of concerns that buyers may have make the negotiations process particularly vital. It's important at the outset for each party to make plain their intentions and concerns.

How Can an Attorney Help?

Florida law places certain requirements on parties selling a business. Making the sale run properly and smoothly is much easier with the advice of a local attorney practicing in St. Petersburg.

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Life in St. Petersburg

St. Petersburg, Florida is the fourth largest city in the state of Florida, and a popular vacation destination for both domestic and international tourists. St. Petersburg is the second largest city in the Tampa Bay area, and home to just under 250,000 residents. The sizeable city is located between the Gulf of Mexico and Tampa Bay -- a location that makes St. Petersburg highly accessible. Nicknamed, "The Sunshine City"boasts 360 days of sunshine a year. Not surprisingly, St. Petersburg is also apopular retirement destination. The St. Petersburg Pier, Museum of Fine Arts, and the Salvador Dali Museum are just a couple of the more popular attractions in the sunny city. St. Petersburg is also home to three professional sports teams for football, baseball, and hockey as well as hosts to many amateursports teams. Professional athletes are not the only professionals that thrive in St. Petersburg. Doctors, lawyers, and accountants are also plentiful in the city. St. Petersburg lawyers have a range of skills and are available to help their clients with big or small legal problems. St. Petersburg lawyers are skilled in any issue a client may be dealing with. With the great weather and growing industries, it is no wonder that St. Petersburg also attracts so many fabulous attorneys.

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