Selling a Business in New Jersey

Find the right Selling a Business attorney in Brick, NJ

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. The sale can be complicated, however. There are Federal and New Jersey laws concerning mergers, acquisitions, negotiations and securities exchanges that must be followed.

How Do I Sell a Business?

To sell a business there must be an offer, whether it is solicited or not. Purchase agents in Brick not only help to acquire an offer, but also lends advice about which offers are worthwhile to consider. Preparing financial records to comply with New Jersey and Federal law is crucial and will help determine the proper value for the rights you are selling. As an agreement for the purchase is reached, usually 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?

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 may use the business property as it sees fit. A party seeking to purchase a Brick business may not be concerned with all aspects of the company. In fact, purchasers are usually interested in acquiring control as cheaply as possible, and this may allow other rights, including the right to future earnings, to be apportioned or even retained by 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?

In selling a business, the seller must meet the requirements of New Jersey law. A local lawyer practicing in Brick will be able to advise you about your particular sale.

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Life in Brick

Brick, also known as "Brick Township," is located in Ocean County, New Jersey. Per the 2010 census, 75,072 people call Brick home. Brick is surrounded by the Barnegat Peninsula, Lakewood Township and Toms River Township. In 2006 Brick was named "America's Safest City" in a survey of over 371 cities nationwide. Another reason why Brick is known is due to the autism epidemic. A study was conducted in Brick in which forty out of six thousand children were found to be autistic.

Brick is home to attorneys who practice in various areas of law. Their vast practice and sharp skills allow these attorneys to cater to the legal needs of residents and local businesses.

Some famous people who have called Brick home include Harry Bernstein, Jim Dowd, Kirsten Dunst, Garrett Graham, Jack Martin, Travis Spader, and Warren Wolf.

Brick, overall, offers its residents a small-town charm and a safe place to call home.

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