Selling a Business in Texas

Find the right Selling a Business attorney in Flower Mound, 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 a business is rarely a simple one, however. Federal and Texas laws govern the areas of mergers, acquisitions, negotiations and securities exchanges, and they must be followed for the transaction to have legal effect.

How Do I Sell a Business?

The first step in selling a Flower Mound 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. 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. As an agreement for the purchase is reached, typically 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?

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 Flower Mound may not be interested in other rights within the company. Actually, control is typically 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. 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?

Texas 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 Flower Mound.

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Life in Flower Mound

Flower Mound is located in Denton and Tarrant Counties, Texas. It is a suburb that is part of both Forth Worth and Dallas--a unique quality. Per the 2010 census, the population is 64,669 people.

How did Flower Mound get its name? Well, it is named after a 12.5 acre mound filled with wild flowers and slopes. This property is owned by the Mound Foundation. This is a fact that many visitors find very interesting.

Famous people that have, at one time or another, called Flower Mound home include "Mean Joe" Greene, Glen Titensor, Donald Driver, Tony Casillas, Chris Brown, and David Murphy.

Flower Mound is also home to many attorneys who have established themselves while working in local law offices and small firms. These attorneys practice in various legal areas, are well-experienced, and focus on providing excellent legal services.

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