Selling a Business in New Jersey

Find the right Selling a Business attorney in Clifton, 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. However, selling a business is rarely a simple affair. Parties to the purchase of a business must comply with Federal and New Jersey laws that govern mergers, acquisitions, negotiations and securities exchanges.

How Do I Sell a Business?

The initial step in selling a Clifton business is soliciting an offer. A purchase agent can help you find prospective buyers, as well as advise you concerning whether offers that you receive are worth consideration. In order to decide the proper value for the rights you are selling, financial records must be updated and prepared to comply with New Jersey and Federal law. As an agreement for the purchase is reached, normally 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. Since buyers in Clifton are typically concerned with acquiring control, they may be willing to allow other rights, such as the right to future earnings, to remain with the seller in exchange for the cheapest price on the right of control. 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?

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

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Life in Clifton

Clifton is located in Passaic County, New Jersey. As of 2010, it has a population of 84,136 people. What is interesting is that Clifton is listed under five different zip codes--07011, 07012, 07013, 07014, and 07015!

Clifton has been mentioned in media such as the film The King of Comedy, Donnie Brasco, and the television series The Sopranos.

Well-known residents include Jay Alford, David Chase, Ronald F. Maxwell, Jon Seda, Steve Smith, Dave Szott, and Ivan Wilzig.

Clifton is also home to many small law offices and law firms, who train excellent attorneys to practice in various areas of law. Therefore, the legal needs of Clifton residents will always be tended to.

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