Selling a Business in Kansas

Find the right Selling a Business attorney in Kansas City, KS

It can be quite profitable to sell a business after years of work. The hopes of one day being acquired by a larger firm are shared by many businesses. The process of selling your business can be complex, however. Federal and Kansas laws over mergers, acquisitions, negotiations and securities exchanges may be important in the transaction.

How Do I Sell a Business?

The first step in selling a Kansas City business is soliciting an offer. A purchase agent can help you find prospective buyers, as well as advise you concerning whether offers that you receive are worth consideration. In order to determine the proper value for the rights you are selling, financial records must be updated and prepared to comply with Kansas and Federal law. A formal contracts will likely be written to solidify the sales agreement. Careful review of this agreement is essential so that all concerns voiced during negotiations are accurately presented.

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 Kansas City 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?

The advice of a local attorney practicing in Kansas City will make it much easier to ensure the sale of your business is in compliance with Kansas law.

Talk to a Business Law Attorney now!

Life in Kansas City

Kansas City is the third-largest city in the state of Kansas, with a population of over 145,000 people. It is also the county seat of Wyandotte County, Kansas.

Kansas City, Kansas was formally founded in 1868, and incorporated in 1872. Modernly, Kansas City, Kansas has a large and diversified economy. It is home to a major manufacturing plant owned by General Motors, which builds the Chevy Malibu and Buick LaCrosse, employing about 2,700 people.

In 2011, Google announced that Kansas City, Kansas has been selected to participate in its experimental Google Fiber project, which will deliver super-fast internet to members of the community, at no cost to the city, and low cost to the consumers.

For a city of its size, Kansas City, Kansas has a large public library system, making it a convenient place for lawyers to practice, thanks to the abundance of low-cost research materials.

If you need a lawyer in Kansas City, Kansas, chances are good that there's a Kansas City, Kansas attorney who can help you with whatever legal problem you might be facing.

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