Selling a Business in Georgia

Find the right Selling a Business attorney in Griffin, 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 Griffin not only help to acquire an offer, but also lends advice about which offers are worthwhile to consider. In order to decide the proper value for the rights you are selling, financial records must be updated and prepared to comply with Georgia and Federal law. As an agreement for the purchase is reached, usually a formal contract will be written. It is important to review such documents before they are signed so that all aspects of the agreement are presented properly.

What Will I Give Up in the Business?

Essentially, the sale of a business entails the passing of a right known as ?control?. With control of a business, a party might direct its operations and dispose of its property as it sees fit. Because the right of control is separable, the buyer of a business in Griffin 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. 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?

In selling a business, the seller must meet the requirements of Georgia law. A local lawyer practicing in Griffin will be able to advise you about your particular sale.

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Life in Griffin

Griffin is the county seat of Spalding County in the state of Georgia. It has a population of about 23,000 and prides itself in preserving its rich history revolving around early American colonial life.

Griffin is also known as "the Iris City" and is famous for being the birthplace of Wild West gunslinger Doc Holliday, who was a friend of the legendary Wyatt Earp. The city has several museums which showcase artifacts and relics dating back to the 1800's. These include the Griffin Museum and the Doc Holliday Museum.

Popular places to visit in Griffin are the Sam Bailey Building, the Old Medical College Historical Area, and Hawkes Library. The city holds many events year-round such as the Fourth of July Parade, the November Chili Cook-off, the April Arts and Crafts Festival, and the Annual Chamber of Commerce Dinner.

Downtown Griffin is unique in that it incorporates what is known as the "Main Street Four-Point Approach". This is a strategy that focuses on the distinct areas of Design, Promotion, Organization, and Economic Restructuring.

Lawyers in Griffin, Georgia typically file their cases at the Griffin Municipal Court. More advanced claims are heard at the Spalding County Superior Court. Griffin lawyers generally handle a wide variety of legal claims and issues. The Spalding County Courthouse was also an historical landmark in Georgia.

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