Selling a Business in New Jersey

Find the right Selling a Business attorney in Middletown, 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 Middletown 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. Deciding 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 New Jersey and Federal law. As a final step, an agreement for the purchase will be reached, typically in the form of a written contract. It should be reviewed by all parties to ensure that what was agreed upon is 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 may use the business property as it sees fit. The right of control can be separated easily from the business, and this often leads the buyers in Middletown to be less interested in other rights within the company. In fact, buyers frequently leave other rights, such as the right to future earnings, with the sellers so that they can acquire control more cheaply. These particularities make negotiations essential, during which each party should use the opportunity to voice their intentions and concerns.

How Can an Attorney Help?

New Jersey law places certain requirements on parties selling a business. Making the sale run properly and smoothly is much easier with the advice of a local lawyer practicing in Middletown.

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Life in Middletown

Middletown, a.k.a. Middle Township, is in Monmouth County, New Jersey. It was originally formed on October 31, 1693 and became a township via an Act of the New Jersey Legislature on February 21, 1798.

Interestingly, in 2006, 2008, and 2010 Middletown was voted in the Top 100 list for the Best Places to Live by CNN Money Magazine.

Middletown is also home to many practicing attorneys who are able to provide local businesses and residents with the appropriate legal guidance.

Past and present famous residents include Pete Capella, Knowshon Moreno, Christian Peter, Jason Peter, Maury Povich, Geraldo Rivera, E.W. Swackhamer, Kevin Smith, Bob Tucker, Billy Van Zandt, Max Weinberg, Bill Weber, Tom Wilkens, and Brian Williams.

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