Selling a Business in Maryland

Find the right Selling a Business attorney in Bethesda, MD

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 Maryland laws that govern mergers, acquisitions, negotiations and securities exchanges.

How Do I Sell a Business?

The initial step in selling a Bethesda 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 might want financial records to be updated in accordance with Maryland and Federal law. This might be required by law in some cases, and besides, it always helps in determining the correct value for the rights you are selling. 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?

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 Bethesda 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. The wide variety of concerns that buyers may have make the negotiations process particularly vital. It's important at the beginning for each party to make plain their intentions and concerns.

How Can an Attorney Help?

Maryland 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 lawyer practicing in Bethesda.

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Life in Bethesda

Bethesda is located in Montgomery County, Maryland. It is northwest of Washington D.C. The city was named after a local church--the Bethesda Meeting House. It is known as one of Maryland's most affluent and highly educated communities. In facts, Forbes Magazine listed it first in "America's Most Educated Small Towns."

Two popular sites include The National Institute of Health and the National Naval Medical Center Other attractions include Capital Crescent Trail, Burning Tree Club, and Bethesda Avenue.

Large corporations that have a presence in Bethesda include American Capital, AREVA, Inc., Cambridge Information Group, Coventry Health Care, GetWellNetwork, HMSHost, Honest Tea, Host Hotels Resorts, Iridium Satellite LLC, Lockheed Martin, Marriott International, Ritz Carlton, and the United States Enrichment Corporation. Although not large, the legal industry does have a presence in Bethesda as well because the city is home to attorneys who practice in various fields of law.

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