Selling a Business in Pennsylvania

Find the right Selling a Business attorney in Harrisburg, 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. The sale can be complicated, however. There are Federal and Pennsylvania laws concerning mergers, acquisitions, negotiations and securities exchanges that must be followed.

How Do I Sell a Business?

The first step in selling a Harrisburg 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 Pennsylvania and Federal law. A formal contracts will likely be written to solidify the sales agreement. Careful review of this agreement is necessary 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 can use the business property as it sees fit. The buyer of a business in Harrisburg 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?

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

Talk to a Business Law Attorney now!

Life in Harrisburg

Harrisburg is located in Dauphin County, Pennsylvania. It has a population of over 49,000 people. The primary industries that drive the city's economy are steel and agriculture. Interestingly, in 2010 Forbes Magazine ranked Harrisburg as the second best place in the United States to raise a family! Another interesting fact is that the popular chocolate company Hershey's has its headquarters located about ten miles outside of Harrisburg.

Being ranked as the second best place to raise a family illustrates that Harrisburg is a great city with a community-like spirit. The city is filled with hard-working families. Amongst these families are many attorneys, who practice in various areas of law. These attorneys focus on providing their clients with personalized legal services. Further, these attorneys focus on being affordable. The median income for a household in Harrisburg ranges between ,000-,000. Therefore, affordable legal service is a great thing!

Overall, Harrisburg is a wonderful place to settle down and raise a family. The atmosphere emphasizes a strong community that has a competent legal force.

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