Selling a Business in Oklahoma

Find the right Selling a Business attorney in Broken Arrow, OK

Selling a business can be quite profitable after years of work invested. Many businesses look forward to one day being bought by larger firms. Nevertheless, the transaction can be complicated. Certain Oklahoma 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?

Obviously, the first step in selling a business is to either receive an offer or solicit one. In Broken Arrow, purchase agents do more than simply find buyers. They also lend advice about which offers are worthwhile to consider. Preparing financial records to comply with Oklahoma and Federal law is essential and will help determine the proper value for the rights you are selling. A formal contracts will likely be written to solidify the sales agreement. Careful review of this agreement is essential so that all concerns voiced during negotiations are accurately presented.

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 may direct its operations and dispose of its property as it sees fit. The buyer of a business in Broken Arrow 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 become vital 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?

Parties who want to sell businesses must meet the requirements of Oklahoma law. Ensuring that the sale is proper is much simpler with the advice of a local attorney practicing in Broken Arrow.

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Life in Broken Arrow

Broken Arrow is a part of Tulsa County and Wagoner County. Per the 2010 census, it has a population of 98,850 residents. The city was named after a Native American group called the Creek Indians, who came to Oklahoma along the Trail of Tears.

The city caters to a diverse population. A large industry is agriculture. Top employers include FlightSafety International, Blue Bell Creameries, and Windstream Communications. The legal industry has a presence in Brown Arrow as well, with many attorneys who have established successful practices there. Therefore, residents and businesses have no problem seeking legal aid.

Famous residents, both past and present, include Jim Baumer, Jim Brewer, Josh Bryant, P.C. Cast, Ernest Childers, Ester Drang, Phil Farrand, Mike Iles, Brad Penny, Kahlen Rondot, Warren Spahn, Will Thomas, and Kathryn Zaremba.

Overall, Broken Arrow is a charming place to live, visit, or establish a business.

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