Selling a Business in Oregon

Find the right Selling a Business attorney in Portland, OR

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 Oregon 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 Portland can lend advice about which offers are worthwhile to consider. The purchaser might want financial records to be updated in accordance with Oregon and Federal law. This might be required by law in some cases, and besides, it always helps in determining the correct value for the rights you are selling. 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 Portland to be less interested in other rights within the company. In fact, buyers regularly 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?

The law in Oregon places certain demands on parties who want to sell a business. Lawyers in Portland are qualified to advise you in this process and ensure that the sale is in compliance with the law.

Talk to a Business Law Attorney now!

Life in Portland

Portland may be the 3rd most populous city in the Pacific Northwest but it's one of the most popular. Known as one of the greenest cities in the world, Portland has used city planning and public transportation to lessen residents' impact on their surrounding environment. In fact, Portland has been named the second most eco-friendly place behind Reykjavik, Iceland by Grist Magazine, and in top 10 greenest cities by Move, Inc.

P-town residents live among some of the most innovative microbreweries and distilleries. Widmer Brothers, Henry Weinhard, and Michael "Beerhunter" Jackson even dubbed Portland beer capital of the world. Portland Mayor Tom Potter nicknamed the city "Beertown."

Most people probably know Portland as the location of the Nike Headquarters (known as the Nike Campus) but the city also plays host to KEEN, Adidas, Columbia Sportsware, U.S. Bank, Oregon Steel Mills, Willamette Industries, and Louisiana-Pacific. Since the city is known as a "green city" you won't be too surprised to find there are a number of alternative energy companies there like Vestas Wind Systems.

Portland is unique in that the city hosts the worlds largest, and even legally sanctioned in Portland court, naked bike ride. The annual World Naked Bike Ride began in 1999 with less than seven participants but has grown to over 13,000. Another legal oddity you may not know is that there are very strong speech protections in the Oregon constitution that extend to full nudity and lap dances in strip clubs. Not by coincidence, Portland has more strip clubs per capita than Las Vegas or San Francisco.

If you need some help navigating these sometimes confusing courts, consult a local Portland lawyer today.

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