Selling a Business in Massachusetts

Find the right Selling a Business attorney in Everett, 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 initial step in selling an Everett 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 decide the proper value for the rights you are selling, financial records must be updated and prepared to comply with Massachusetts and Federal law. A formal contracts will likely be written to solidify the sales agreement. Careful review of this agreement is imperative so that all concerns voiced during negotiations are accurately presented.

What Will I Give Up in the Business?

In selling a business, the buyer gains a right known as "control". Control of a business entitles a party to direct its operations and it may also controls what is done with business property. Because the right of control is separable, the buyer of a business in Everett 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. The wide variety of concerns that buyers may have make the negotiations process particularly vital. It's important at the outset for each party to make plain their intentions and concerns.

How Can an Attorney Help?

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

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Life in Everett

Everett is located in Middlesex County, Massachusetts. It is conveniently located near Boston and has a population of around 41,667 (per the 2010 census).

Everett's top employer is the LNG terminal of Massachusetts LLC. The company has an approximate property of around 35 acres in Everett.

Everett is also home to attorneys who have established their practices via small law offices. These attorneys are capable to handle any and every legal inquiry, and focus on providing personalized legal services.

Some famous residents include Pat Bradley, Omar Easy, Pat Hughes, Brian Kelly, Ellen Pompeo, and Martin P. Paone.

Other reasons why Everett is recognized is because it is where ABC's show "Boston's Finest" was set. The 2007 film Gone Baby Gone, starring Ben Affleck, also used Everett as the setting.

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