Selling a Business in Massachusetts

Find the right Selling a Business attorney in Revere, 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 a Revere 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. Deciding 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. 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?

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 may use the business property as it sees fit. The buyer of a business in Revere may be interested only in control of the business, and other rights within the company may not be as important. Buyers are normally looking for the cheapest route to control, and this may allow the seller to retain other rights such as the right to future earnings. The wide variety of concerns that buyers may have make the negotiations process particularly vital. It's important at the start for each party to make plain their intentions and concerns.

How Can an Attorney Help?

The law in Massachusetts places certain demands on parties who want to sell a business. Lawyers in Revere are qualified to advise you in this process and ensure that the sale is in compliance with the law.

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Life in Revere

Revere is a Suffolk County city that is named after the famous American patriot Paul Revere. Revere is positioned near some other great suburbs as well as the Atlantic ocean to the east. There are a total of 10 square miles that make up Revere and 4.1 of them are open water and wetlands.

About 70% of the usable land is devoted to housing and there are 56,770 Suffolk County residents living there. It was originally settled in 1630 and was incorporated as a city in 1846. The City of Revere is well connected by the MTBA Blue Line, in fact, it's the very last stop. The line connects to Wonderland, Revere Beach, and Beachmont.

Revere Beach is the oldest public beach in the United States and has a thriving beachfront shopping and dining district. During the summer, tourists love to go to the beach and eat at the nearby restaurants. Wonderland Greyhound Park has been offering gambling on greyhound races since 1935 but has recently shut down because of the September 18th, 2009 ban on greyhound racing.

Notables of the area include singer songwriters Norman Greenbaum and Danielle Miraglia, NFL quarterback Jim Del Gaizo, and soap opera actress Robin Christopher. Chelsea Creek, in Revere, was the location of the first naval battle of the Revolutionary War in 1775. Revere is a bustling city that plays host to a number of businesses and outstanding citizens. Revere's lawyers are familiar with local problems and court procedures. Lawyers in Revere can help do anything from drafting a will or contract to criminal and family matters.

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