Selling a Business in Massachusetts

Find the right Selling a Business attorney in Waltham, 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 Waltham 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. The purchaser may want financial records to be updated in accordance with Massachusetts and Federal law. This may be required by law in some cases, and besides, it always helps in determining the correct value for the rights you are selling. 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. A party seeking to purchase a Waltham 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 Waltham.

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Life in Waltham

Waltham, Massachusetts has a population of just over 60,000 residents and is located in Middlesex County. The city has historical significance and is considered to play a pivotal role in the labor movement.

Waltham is often nicknamed "Watch City" because of the presence of Waltham Watch Company which has produced over 40 million watches and other time instruments before closing. Waltham also has a great music scene that brings together the community for various events throughout the year. The city is also a great place to be active -- with a 97 out of 100 points on the walkability rating system.

In addition to a good public school education system, Waltham also houses three colleges: Bentley University, Brandeis University, and Center for Digital Imaging Arts. With such an emphasis on learning, it is no surprise that there is such a great professional community in Waltham. Waltham lawyers, for example, are trained at some of the best schools and are skilled in a range of legal issues. From lawyers to accountants to bankers, Waltham is a city that is a great place to work.

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