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 Fulton is not only to secure an offer, but they also lend advice about which offers should be considered. Determining the correct value for the rights you are selling is critical in this process. To do this, financial statements must be updated and prepared to comply with Mississippi and Federal law. 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. Because the right of control is separable, the buyer of a business in Fulton may not be interested in other rights within the company. Actually, control is normally 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 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?

In selling a business, the seller must meet the requirements of Mississippi law. A local Attorney practicing in Fulton will be able to advise you about your particular sale.