Selling a Business in Missouri

Find the right Selling a Business attorney in Kansas City, MO

After years of work in a business, it can be quite profitable to sell it. Being acquired by a larger company is something that many hope for. Nevertheless, the transaction can be complicated. Certain Missouri and Federal laws governing mergers, acquisitions, negotiations or securities exchanges may come into play during the sale of a business.

How Do I Sell a Business?

Obviously, the first step in selling a business is to either receive an offer or solicit one. In Kansas City, purchase agents do more than simply find buyers. They also lend advice about which offers are worthwhile to consider. Preparing financial records to comply with Missouri and Federal law is necessary and will help determine the proper value for the rights you are selling. Lastly, an agreement will be reached in the form of a written contract. All parties should review the contract to ensure that it reflects a complete understanding of what the parties have agreed.

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. Since buyers in Kansas City are generally concerned with acquiring control, they may be willing to allow other rights, such as the right to future earnings, to remain with the seller in exchange for the cheapest price on the right of control. 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?

The advice of a local attorney practicing in Kansas City will make it much easier to ensure the sale of your business is in compliance with Missouri law.

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Life in Kansas City

Kansas City, Missouri is probably best known for its barbeque and Civil War history. "Kansas Citians" enjoy access to some of the best museums around. The Irish Museum and Cultural Center, the Nelson-Atkins Art Museum, the Liberty and World War I Memorial, and the American Jazz Museum are all located within Kansas City limits. A number of outstanding examples of Art Deco style and Frank Lloyd Wright architecture can be found throughout the city. The Power and Light Building and Community Christian Church are just two examples.

Kansas City is passionate about food. Kansas City barbeque is best known for its molasses which gives a sweeter taste. Gates and Sons Bar-B-Q was opened in 1946 and serves as the standard in original Kansas City style barbeque. Most people know Kansas City as "KC" like Rich Davis' sauce sensation: KC Masterpiece. The Sprint Center opened in 2007 and hosts Kansas City Chiefs football and Royals major league baseball games. You may not be aware that Kansas City has over 200 fountains. Second most in the entire world after Rome, Italy. Country Club Plaza is designed to look like Seville, Spain and was the first to offer accommodations for people arriving by automobile. "The Plaza" was constructed in 1922 and today is known best for it's colored light display and upscale shopping.

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