Selling a Business in Georgia

Find the right Selling a Business attorney in Thomasville, 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 Thomasville not only help to secure an offer, but also lends advice about which offers are worthwhile to consider. Determining the correct value for the rights you are selling is critical in this process. To do this, financial statements must be updated and prepared to comply with Georgia and Federal law. 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. A party seeking to purchase a Thomasville 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. 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?

Parties who want to sell businesses must meet the requirements of Georgia law. Ensuring that the sale is proper is much simpler with the advice of a local attorney practicing in Thomasville.

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Life in Thomasville

Thomasville is located in Thomas County, Georgia, and is the county seat. With a population of 19,000, it is the second largest city in the Southwest Georgia region.

Thomasville is best known as "The City of Roses". The city maintains over 7,000 rose plants located in various spots throughout the city. Many residents also grow their own rose plants for display. A Rose Festival is held every year at the end of April, where rose cultivators from all over the world display their prize rose specimens. The festival includes street shows, dancing, vendor displays, and plentiful selections of food.

The city of Thomasville prides itself on preserving American history and culture. Popular historic sites include the Thomasville Cultural Center, Thomasville Landmarks, and the Thomas County Historical Society Museum of History. The historical sites attract numerous tourists every year.

Thomasville lawyers can usually assist you by filing your claim at the Municipal Court of Thomasville. The municipal court is the first avenue of relief for most types of legal claims. Many lawyers in Thomasville, Georgia are members of the Thomas County Bar Association in addition to the Georgia State Bar.

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