Selling a Business in Missouri

Find the right Selling a Business attorney in Liberty, 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 initial step in selling a business is to either receive an offer or solicit one. In Liberty, 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 imperative and will help determine the proper value for the rights you are selling. As an agreement for the purchase is reached, typically 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?

Essentially, the sale of a business entails the passing of a right known as ?control?. With control of a business, a party might direct its operations and dispose of its property as it sees fit. Because the right of control is separable, the buyer of a business in Liberty 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. Negotiations become essential in light of these particularities, and each party should use negotiations as an opportunity to make plain their intentions and concerns.

How Can an Attorney Help?

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

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Life in Liberty

Liberty, Missouri is a city in Clay County, and is a suburb of Kansas City. It has a population of about 30,000 people.

Liberty, Missouri was first settled in 1822, and was made the county seat of Clay County shortly thereafter. In 1830, a lawyer named David Rice Atchison opened a practice in Liberty, where he took it upon himself to defend the religious freedoms of Mormon settlers, who were an unpopular and persecuted group at the time. During the Civil War, sympathies for the Confederacy were very prevalent in the area around Liberty, and this thwarted Missouri's plans to remain neutral in the conflict. Liberty, and other parts of Missouri, hosted several important battles of that war, so there are many historic landmarks in the area.

Modernly, Liberty is one of Kansas City's largest suburbs. Major corporations, such as Hallmark, have distribution centers in Liberty. It also hosts the headquarters of Ferrellgas, one of the nation's largest suppliers of Propane and Propane Accessories.

If you have a legal issue, chances are good that there's a lawyer in or around Liberty, Missouri who can handle it. Liberty, Missouri lawyers are competent and well-rounded, and should be able to help you.

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