Selling a Business in New Jersey

Find the right Selling a Business attorney in New Brunswick, 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 first step in selling a New Brunswick 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. 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 New Jersey and Federal law. Typically a formal contract will be written as the agreement nears its conclusion. The provisions contained in the contract should present all matters discussed in a fair light, and this requires careful review by both parties.

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. A party seeking to purchase a New Brunswick business may not be concerned with all aspects of the company. In fact, purchasers are typically 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. Because of the wide variety of different concerns buyers may have, negotiations are vital. Each party should voice their intents and concerns during this process.

How Can an Attorney Help?

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

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Life in New Brunswick

New Brunswick is located in Middlesex County, New Jersey. It is popular because it is home to Rutgers University. The city is located approximately 27 miles southwest of Manhattan. It is near the Raritan River.

New Brunswick's nickname is "the Healthcare City" because there are many hospitals. These hospitals include Robert Wood Johnson University Hospital, Saint Peter's University Hospital, and University of Medicine and Dentistry of New Jersey-Robert Wood Johnson Medical School.

Large employers include Johnson Johnson and Bristol-Myers Squibb. The legal industry is also present in New Brunswick because there are many law offices, and small to mid-size law firms in the city. The legal force here is trained to handle legal needs in all areas of law.

Popular attractions include the Albany Street Bridge, Highland Park, Old Queens, Buccleuch Mansion, St. Peter, the Delaware and Raritan Canal, Rutgers Gardens, and the Henry Guest House.

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