Selling a Business in Rhode Island

Find the right Selling a Business attorney in Providence, RI

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 Rhode Island laws concerning mergers, acquisitions, negotiations and securities exchanges that must be followed.

How Do I Sell a Business?

To sell a business there must be an offer, whether it is solicited or not. Purchase agents in Providence not only help to secure an offer, but also lends advice about which offers are worthwhile to consider. 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 Rhode Island 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?

Essentially, the sale of a business entails the passing of a right known as ?control?. With control of a business, a party may direct its operations and dispose of its property as it sees fit. The right of control can be separated easily from the business, and this often leads the buyers in Providence to be less interested in other rights within the company. In fact, buyers generally leave other rights, such as the right to future earnings, with the sellers so that they can acquire control more cheaply. Because of the wide variety of different concerns buyers may have, negotiations are vital. Each party should voice their intents and concerns during this process.

How Can an Attorney Help?

Rhode Island 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 attorney practicing in Providence.

Talk to a Business Law Attorney now!

Life in Providence

Providence is the 3rd largest city in New England and known for its jewelry and silverware industry. Providence is known as the "Creative Capital" because the city and its residents emphasize educational and cultural resources within the community. Ivy League Brown University, Johnson Wales University, the Rhode Island School of Design, Providence College, the state's oldest public college named Rhode Island College are all located in Providence. The city is also home to one of the best writer's retreats available in the United States.

Since Providence is such an important community, a number of talented New England lawyers call it home. Providence lawyers are familiar with local Rhode Island State Courts, Providence County Courts, as well as Federal Courts like U.S. Immigration and Bankruptcy courts.

Other major industries in Providence include transportation and trade, education, health services, government, and leisure/hospitality services for tourists. Providence is a major East Coast hub for business and financial services as well.

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