Selling a Business in Texas

Find the right Selling a Business attorney in Corpus Christi, TX

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 Texas laws over mergers, acquisitions, negotiations and securities exchanges may be important in the transaction.

How Do I Sell a Business?

To sell a business there must be an offer, whether it is solicited or not. Purchase agents in Corpus Christi not only help to secure an offer, but also lends advice about which offers are worthwhile to consider. In order to determine the proper value for the rights you are selling, financial records must be updated and prepared to comply with Texas 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. Because the right of control is separable, the buyer of a business in Corpus Christi 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 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?

In selling a business, the seller must meet the requirements of Texas law. A local attorney practicing in Corpus Christi will be able to advise you about your particular sale.

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Life in Corpus Christi

Corpus Christi rests on the coast of the Gulf of Mexico in South Texas. As the seat of Nueces County, Corpus Christi is home to the county offices and courts. The Nueces County Courthouse is home to most county trials but also houses the Texas Thirteenth Court of Appeals and Corpus Christi Municipal Court. Nueces County and the United States Government employ the most employees in Corpus Christi since it's the county seat and there are two large military instillations: the Corpus Christi Army Depot and the Naval Air Station Corpus Christi. These major military operations also employ over 6,000 civilians. The Port of Corpus Christi is the United States' 6th largest port along the Gulf. Agricultural products and petrochemicals drive the Corpus Christi economy and are the main goods exported from the port.

The City of Corpus Christi is not all commerce. There are a number of outstanding institutions like renown Texas AM University within city limits. Our Lady of Corpus Christi and Del Mar College are also located in town. Notable locals include the inventor of Liquid Paper Bette Nesmith Graham, NASCAR drivers Bobby and Terry Labonte, The Reverend Horton Heat, and Lou Diamond Phillips. If that's not enough proof that Corpus Christi is a great city, check out the local wildlife. Corpus Christi is home to a busy fishing business and marine recreation. The bay's high winds offer excellent kite boarding and wind surfing conditions.

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