Selling a Business in Florida

Find the right Selling a Business attorney in Winter Park, 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?

An offer is the initial step in selling a business, whether you solicit one or simply receive one spontaneously. In addition to securing a prospective buyer, purchase agents in Winter Park can lend advice about which offers are worthwhile to consider. The purchaser might want financial records to be updated in accordance with Florida and Federal law. This might be required by law in some cases, and besides, it always helps in determining the correct value for the rights you are selling. Typically a formal contract will be written as the agreement nears its conclusion. The provisions contained in the contract should present all matters discussed in a fair light, and this requires careful review by both parties.

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. The buyer of a business in Winter Park may be interested only in control of the business, and other rights within the company may not be as important. Buyers are typically looking for the cheapest route to control, and this may allow the seller to retain other rights such as the right to future earnings. Negotiations become essential in light of these particularities, and each party should use negotiations as an opportunity to make plain their intentions and concerns.

How Can an Attorney Help?

The law in Florida places certain demands on parties who want to sell a business. Lawyers in Winter Park are qualified to advise you in this process and ensure that the sale is in compliance with the law.

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Life in Winter Park

Winter Park is a suburb in Orange County, Florida. It is home to a little over 25,000 people.

Some popular sites for residents and tourists include the Edward Hill Brewer House, Kraft Azalea Park, Albin Polasek Museum and Sculpture Gardens, Charles Hosmer Morse Museum of American Art, and Cornell Fine Arts Museum.

Top employers in Winter Park include Winter Park Memorial Hospital, Publix, Bonnier, and the public school district. Although law firms are not included in this list, Winter Park is home to many law small law offices and firms. Although small, these offices and firms provide excellent legal services!

Interestingly, Winter Park has also been home to some very famous residents. These residents include Casey Affleck, Michael Barimo, George Brett, Gina Hecht, Doc Rivers, and Daniel Webster.

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