Selling a Business in Mississippi

Find the right Selling a Business attorney in Pascagoula, MS

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 Pascagoula is not only to secure an offer, but they also lend advice about which offers should be considered. The purchaser may want financial records to be updated in accordance with Mississippi and Federal law. This may be required by law in some cases, and besides, it always helps in determining the correct 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. The buyer of a business in Pascagoula may be interested only in control of the business, and other rights within the company may not be as important. Buyers are typically 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?

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

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Life in Pascagoula

Pascagoula, Mississippi is a city in Jackson County. As of a 2007 estimate by the United States Census Bureau, it has a population of about 24,000 people.

Native American tribes have inhabited Pascagoula for thousands of years, and the name comes from a word that means "bread-eaters" which is how one of the groups of native inhabitants referred to themselves. A Spanish explorer is believed to have made first contact with them in 1540. However, the first permanent European settlement did not come until the 1700s. This area did not become part of the United States until 1812. Before then, it changed handsmultipletimesbetween the French, Spanish, and English. Pascagoula became a city, under the state's legal definition, in 1901. The current downtown area of Pascagoula was once part of Scranton, Mississippi, until the two towns merged in 1912.

Pascagoula, Mississippi is strategically situated on the Gulf of Mexico. Accordingly, its beaches are a popular tourist destination, and its fisheries are an important part of its economy.

If you live in Pascagoula, Mississippi, and have any sort of legal problem, you can probably find someone to help you with it. Pascagoula, Mississippi lawyers can handle just about any case that they might be faced with.

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