Selling a Business in Massachusetts

Find the right Selling a Business attorney in Framingham, 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 a Framingham 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. 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 Framingham business may not be concerned with all aspects of the company. In fact, purchasers are usually 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?

Massachusetts law places certain requirements on parties selling a business. Making the sale run properly and smoothly is much easier with the advice of a local attorney practicing in Framingham.

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Life in Framingham

Framingham is home to approximately 68,318 people. It is located in Middlesex County, Massachusetts.

The city is known for its beautiful parks. Popular ones include Bowditch Field, Butterworth Park, Winch Park, Callahan State Park, Danforth Park, Cushing Park and Cochituate State Park.

The city has three major business districts--"The Golden Triangle," Downtown/South Framingham and West Framingham. It has many small business and office complexes which significantly help support the city's economy. In these offie complexes, many attorneys have established their law offices. Therefore, residents need not travel far to have their legal needs taken care of.

All in all, Framingham offers residents a wonderful quality of life with a community-like spirit!

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