Selling a Business in Pennsylvania

Find the right Selling a Business attorney in Haverford, 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 Haverford 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 essential 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. Since buyers in Haverford are generally concerned with acquiring control, they may be willing to allow other rights, such as the right to future earnings, to remain with the seller in exchange for the cheapest price on the right of control. The wide variety of concerns that buyers may have make the negotiations process particularly vital. It's important at the outset for each party 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 attorney practicing in Haverford will be able to advise you about your particular sale.

Talk to a Business Law Attorney now!

Life in Haverford

Haverford is an unincorporated area located in Delaware County, Pennsylvania. It is situated partially in Haverford Township and also in Lower Merion Township. The town derives its name from the town of Haverfordwest in the country of Wales. Its name has also been translated to mean "goat crossing", which is a Welsh term.

Haverford is noted for being the site of excellent educational facilities, namely Haverford College. Also, the city is famous for being home to the Merion Cricket Club, which is one of the oldest country clubs in the entire U.S.

Residents enjoy ample opportunities for recreation and entertainment in the town of Haverford. Also, those wishing to visit nearby cities can do so with relative ease, as the Paoli/Northwest commuter rail system connects Haverford directly to Philadelphia. Famous residents of Haverford have included author Catherine Drinker Bowen and John C. (Jack) Bogle, a popular financial guru.

Lawyers in Haverford serve the community through outstanding legal service and representation. Haverford, Pennsylvania lawyers are an essential part of the social and professional integrity that marks the community.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Howard B.
Howard B.

Business - Litigation

Rye Brook, NY

Mark B.
Mark B.

Business - Litigation

Roseland, NJ

David A.
David A.

Business - Litigation

Walnut Creek, CA