Selling a Business in Oklahoma

Find the right Selling a Business attorney in Tulsa, 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?

An offer is the initial step in selling a business, whether you solicit one or simply receive one spontaneously. In addition to securing a prospective buyer, purchase agents in Tulsa can lend advice about which offers are worthwhile to consider. In order to decide the proper value for the rights you are selling, financial records must be updated and prepared to comply with Oklahoma and Federal law. A formal contracts will likely be written to solidify the sales agreement. Careful review of this agreement is imperative so that all concerns voiced during negotiations are 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 buyer of a business in Tulsa 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 during the sales process are essential, and they should be used as an opportunity to voice fully each party's intentions and concerns.

How Can an Attorney Help?

Oklahoma 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 Tulsa.

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Life in Tulsa

Tulsa has been diversifying it's oil industry controlled economy. In doing so, Tulsa has become the second largest city in the State of Oklahoma and a major center for high tech, finance, aerospace, and telecommunications technology development and manufacturing. Tulsa acts as the most important manufacturing hub in Oklahoma and produces nearly 60% of the goods exported from Oklahoma. Financial institutions like BOK Financial Corporation are headquartered in Tulsa alongside business like QuikTrip, Dollar-Thrifty car rental, Hilti, and gas related companies like Sem Group, Synthroleum, and Excel Energy. Attesting to how well the city is doing, the housing trends show a 6% increase in rent last year. So what else does Tulsa have to offer?

The University of Tulsa, Oral Roberts University, Rogers State University, and Tulsa Community College each accept students seeking higher educations. The University of Tulsa was ranked among the best doctoral universities in the United States by U.S. News World Report and one of the top masters institutions by the Princeton Review. The Cancer Treatment Centers of America have their Southwest Regional cancer treatment facility in Tulsa which is located at the Southwest Regional Medical Center. It's one of the largest cancer treatment hospitals in the nation.

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