Selling a Business in Massachusetts

Find the right Selling a Business attorney in Attleboro, MA

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. However, selling a business is rarely a simple affair. Parties to the purchase of a business must comply with Federal and Massachusetts laws that govern mergers, acquisitions, negotiations and securities exchanges.

How Do I Sell a Business?

The first step in selling an Attleboro 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 Massachusetts 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?

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. The right of control can be separated easily from the business, and this often leads the buyers in Attleboro to be less interested in other rights within the company. In fact, buyers often leave other rights, such as the right to future earnings, with the sellers so that they can acquire control more cheaply. Negotiations during the sales process are essential, and they should be used as an opportunity to voice fully each party's intentions and concerns.

How Can an Attorney Help?

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

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Life in Attleboro

Attleboro, Massachusetts is a city of approximately 43,000 people. It is immediately north of Pawtucket, Rhode Island.

Like many towns in the New England region, Attleboro, Massachusetts has a long and storied history. It was first incorporated as a town in 1694, and like many towns in the region, was named for a town in Great Britain (in this case, Attleborough in Norfolk County, England) by its British settlers.

Attleboro was once known as the "Jewelry Capital of The World" owing to the large number of jewelry manufacturers in the area. Some firms that manufacture jewelry continue to have a presence there, but much of the actual manufacturing activity has moved elsewhere.

Attleboro boasts several historic churches, and religion is very important in the community. It is also the site of a few notable events in the early history of the United States, and it is rumored that George Washington called it home for a brief period of time.

Attleboro, Massachusetts is also graced with a community theater, and a large park with a zoo, popular among residents and visitors.

There are several respected law schools located in Massachusetts, most notably Harvard. Of course, there are many others which are also well-regarded, particularly locally. For this reason, a good Attleboro, Massachusetts lawyer should not be very difficult to come by.

If you're facing any type of legal problem, an Attleboro, Massachusetts lawyer is the person to call.

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