Selling a Business in Pennsylvania

Find the right Selling a Business attorney in Bethlehem, PA

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 Pennsylvania 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?

To sell a business there must be an offer, whether it is solicited or not. Purchase agents in Bethlehem not only help to acquire an offer, but also lends 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 Pennsylvania and Federal law. Normally 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?

In selling a business, the buyer gains a right known as "control". Control of a business entitles a party to direct its operations and it may also controls what is done with business property. Because the right of control is separable, the buyer of a business in Bethlehem may not be interested in other rights within the company. Actually, control is normally cheaper to purchase without other rights such as the right to future earnings. Sometimes buyers negotiate to allow those right to remain with the seller. Negotiations become essential 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?

In selling a business, the seller must meet the requirements of Pennsylvania law. A local lawyer practicing in Bethlehem will be able to advise you about your particular sale.

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Life in Bethlehem

Bethlehem is a part of Lehigh and Northhampton Counties in Pennsylvania. It is a decently sized city with around 75,000 people.

Major employers that have a presence in Bethlehem include the Pennsylvania Gaming Control Board, Bethlehem Steel, Sands Casino Resort Bethlehem, and St. Luke's Hospital.

Along with these employers, lawyers also have a presence in the city. Many attorneys practice in law offices or firms in Bethlehem, and focus on providing personalized services to their clients.

Attractions include the Stefko Boulevard Shopping Center, the SouthSide Film Festival, NEARFest, the Banana Factory, Zoellner Arts Center, Sands Casino Resort, and the Lehigh Canal.

Interestingly, many celebrities have called Bethlehem home at some point in their life. These celebrities include John Andretti, Chuck Bednarik, Jonathan Frakes, Mel Harris, Dwayne Johnson, Gary Lavelle, Billy Packer, John Spagnola, and Jonathan Taylor Thomas.

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