Selling a Business in Maryland

Find the right Selling a Business attorney in Rockville, 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?

An offer is the first step in selling a business, whether you solicit one or simply receive one spontaneously. In addition to securing a prospective buyer, purchase agents in Rockville can lend advice about which offers are worthwhile to consider. In order to determine the proper value for the rights you are selling, financial records must be updated and prepared to comply with Maryland and Federal law. Usually 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. The buyer of a business in Rockville may be interested only in control of the business, and other rights within the company may not be as important. Buyers are usually looking for the cheapest route to control, and this may allow the seller to retain other rights such as the right to future earnings. Negotiations during the sales process are essential, and they should be used as an opportunity to voice fully each party's 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 attorney practicing in Rockville.

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Life in Rockville

Rockville is located in Montgomery County, Maryland. It has a population of around 61,209 people. The city is surrounded by Gaithersburg and Bethesda.

Top employers include Westat, Human Genome Sciences, Wolpoff Abramson, Booz Allen Hamilton, Lockheed Martin Information Systems, United States Pharmacopeia, J. Craig Venter Institute, BioReliance, and Banner Life.

Some popular attactions include Glenview Mansion, Rockville Mall, and The Music Center at Strathmore.

Many attorneys have established small law offices in Rockville in order to tend to the legal needs or residents, small businesses, and neighboring cities.

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