Selling a Business in Tennessee

Find the right Selling a Business attorney in Chattanooga, TN

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 process of selling your business can be complex, however. Federal and Tennessee laws over mergers, acquisitions, negotiations and securities exchanges may be important in the transaction.

How Do I Sell a Business?

Obviously, the initial step in selling a business is to either receive an offer or solicit one. In Chattanooga, purchase agents do more than simply find buyers. They also lend advice about which offers are worthwhile to consider. During this process, the financial records must be updated and prepared in strict accordance with Tennessee and Federal law. The reliability of these methods is essential in determining the proper value for the rights you are selling. As an agreement for the purchase is reached, normally a formal contract will be written. It is important to review such documents before they are signed so that all aspects of the agreement are presented properly.

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. Since buyers in Chattanooga are typically 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. Because of the wide variety of different concerns buyers may have, negotiations are essential. Each party should voice their intents and concerns during this process.

How Can an Attorney Help?

The advice of a local lawyer practicing in Chattanooga will make it much easier to ensure the sale of your business is in compliance with Tennessee law.

Talk to a Business Law Attorney now!

Life in Chattanooga

Chattanooga, Tennessee is the 4th largest city in Tennessee, with an a population of about 170,000 people. It is located in Hamilton and Marion Counties.

Chattanooga, TN was founded in 1838 when the United States government, unfortunately, forced the Native American population of the area off of their historical lands, and then established a military base.

Modernly, Chattanooga, TN is undergoing a renaissance, with a concerted effort underway to repair its image, which had been somewhat tarnished over the last few decades, with its industrial economic base disappearing, as happened in many American cities.

Thanks to public and private investment, with many of the major deals negotiated and drafted by Chattanooga, TN lawyers, the city's economy is now a fairly diverse mix of manufacturing and service-based industries. In 2011, Volkswagen opened a manufacturing plant in Chattanooga, TN which cost billion to build, and is expected to employ over 2,000 people when fully operational.

Because of this highly diverse economy, Chattanooga, TN lawyers have a lot to keep themselves busy. So, it should come as no surprise that a Chattanooga, TN lawyer will almost certainly be able to help you with whatever legal problems you may have.

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