Selling a Business in Massachusetts

Find the right Selling a Business attorney in Natick, 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 Natick 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. 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 Massachusetts and Federal law. Typically 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. Because the right of control is separable, the buyer of a business in Natick may not be interested in other rights within the company. Actually, control is typically 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. 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 Natick.

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Life in Natick

Located only 15 miles from the state capital of Boston, Natik Massacheutts is a cute suburban town in the greater Boston area. In fact, miles 8-12 of the famous Boston Marathon go through the city. Natick is home to just under 33,000 residents. Natik, which means place of hills, is rather aptly named as the topography of the sixteen mile city is quite hilly. First settled in 1651 by a Puritan missionary, Natick has been growing ever since. There are many religious and secular points of interests in Natick, including: Temple Israel of Natick, BJ's Wholesale Club, and The Bacon Free Library. Natick also has a high number of public and private schools, making the city's education system second to none. Many Bostonians live in Natick and make the simple trek into the city. With the close proximity to Boston, which is home to Harvard Law School, among many others, it is not surprising how many great lawyers call Natick home. Ranging from property law to contract law to divorce issues, Natick lawyers have been trained in some of the best schools in the nation.

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