Selling a Business in Georgia

Find the right Selling a Business attorney in Atlanta, GA

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 Georgia laws that govern mergers, acquisitions, negotiations and securities exchanges.

How Do I Sell a Business?

To sell a business there must be an offer, whether it is solicited or not. Purchase agents in Atlanta not only help to acquire an offer, but also lends advice about which offers are worthwhile to consider. During this process, the financial records must be updated and prepared in strict accordance with Georgia 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?

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 may also controls what is done with business property. A party seeking to purchase an Atlanta business may not be concerned with all aspects of the company. In fact, purchasers are normally interested in acquiring control as cheaply as possible, and this may allow other rights, including the right to future earnings, to be apportioned or even retained by the seller. The wide variety of concerns that buyers may have make the negotiations process particularly vital. It's important at the start for each party to make plain their intentions and concerns.

How Can an Attorney Help?

Georgia 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 lawyer practicing in Atlanta.

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Life in Atlanta

Atlanta has the highest population of any city in the State of Georgia with just under 500,000 people. The Hartsfield Jackson Atlanta International Airport as been the world's busiest airport since 1998. That's two years after the city hosted the 100th Olympic Games. Atlanta is the seat of Fulton County government as well as for the entire State of Georgia. Atlantans work for some of the most well known companies who have world headquarters located in the city. The Coca-Cola Company, ATT, UPS, Turner Broadcasting, The Home Depot, and UPS are just a few of the nearly 75% of Fortune's 1000 who have operations in Atlanta. All that industry grosses the city over billion each year. All of the productivity doesn't mean it comes at a lack of greenery.

Atlanta is known both as the "City of Trees" and the "City in a Forest" for the dense tree cover that blankets nearly 40% of downtown. It's the most dense tree cover of any American city. The Atlanta Botanical Garden even offers a Canopy Walk through 600 feet of canopy at 40-feet into the trees. Other city attractions include the Georgia Aquarium, Fox Theatre, Atlanta Contemporary Art Center, Museum of Contemporary Art of Georgia, World of Coca-Cola, Delta Heritage Museum, Carter Center and Presidential Library, and Atlanta sports teams draw patrons from across the globe.

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