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 Mississippi 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?
Of course, there must be an interested buyer with an offer in order to sell a business. The job of purchase agents in Desoto County is not only to secure an offer, but they also lend advice about which offers should be considered. In order to determine the proper value for the rights you are selling, financial records must be updated and prepared to comply with Mississippi and Federal law. A formal contracts will likely be written to solidify the sales agreement. Careful review of this agreement is necessary so that all concerns voiced during negotiations are accurately presented.
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 Desoto County may be interested only in control of the business, and other rights within the company may not be as important. Buyers are normally looking for the cheapest route to control, and this may allow the seller to retain other rights such as the right to future earnings. The wide variety of concerns that buyers may have make the negotiations process particularly vital. It's important at the start for each party to make plain their intentions and concerns.
How Can an Attorney Help?
The law in Mississippi places certain demands on parties who want to sell a business. Attorneys in Desoto County are qualified to advise you in this process and ensure that the sale is in compliance with the law.