Selling a Business in Georgia

Find the right Selling a Business attorney in Duluth, GA

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 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 Duluth not only help to secure 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. Normally 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 can use the business property as it sees fit. Because the right of control is separable, the buyer of a business in Duluth may not be interested in other rights within the company. Actually, control is normally 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. 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?

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 attorney practicing in Duluth.

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Life in Duluth

Duluth, Georgia is a small city located in Gwinnett County. It has a population of about 26,000 people.

Duluth, Georgia is a rapidly-growing suburb of Atlanta. It is home to several major regional shopping centers, and has natrual attractions nearby, such as Stone Mountain and Lake Lanier. These attractions make for a wide variety of available recreational activities, including boating and hiking.

As with many cities in the U.S., Duluth, Georigastarted out as a small trading post, and expanded rapidly with the arrival of a railroad in the 19th Century.

Duluth's modern economy focuses largely on the healthcare sector, and attracts a variety of professionals, including doctors, nurses, and administrative professionals. Forbes Magazine recently ranked Duluth, Georgia as one of the top places in the U.S. for professionals to relocate to, owing to its high quality of life, low cost, and robust job market.

There are plenty of Duluth, Georgia lawyers who can handle just about any type of legal case that an average person is likely to encounter. Whatever legal problem you may have, there is a very good chance that a Duluth, Georgia lawyer can help you solve it.

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