Selling a Business in Texas

Find the right Selling a Business attorney in Laredo, 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 initial step in selling a Laredo 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. Deciding 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 Texas and Federal law. A formal contracts will likely be written to solidify the sales agreement. Careful review of this agreement is crucial 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 may use the business property as it sees fit. A party seeking to purchase a Laredo business may not be concerned with all aspects of the company. In fact, purchasers are normally interested in acquiring control as cheaply as possible, and this may allow other rights, including the right to future earnings, to be apportioned or even retained by the seller. These particularities make negotiations essential, during which each party should use the opportunity to voice their intentions and concerns.

How Can an Attorney Help?

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

Talk to a Business Law Attorney now!

Life in Laredo

Laredo is located in Webb County, Texas. It is on the north bank of the Rio Grande (South Texas). It is across from Nuevo Laredo, Tamaulipas, Mexico. It has a population of around 236,000 people.

Some great sites include the Republic of the Rio Grande Capitol Building Museum, The Laredo Center for the Arts, Fort McIntosh, and Texas AM International University. Texas AM is definitely the most visited and popular site!

Top employers include Falcon International Bank, International Bank of Commerce, BBVA Compass, and Texas Community Bank. Even though the banking industry has a strong presence, the legal industry is also present. Laredo is also filled with small offices and well-experienced attorneys excellent in his or her practice and capable of handling any and every legal need.

One of the reasons Laredo is so well-recognized is that it hosts a month long event--Washington's Birthday Celebration (WBCA).

Definitely come visit Laredo!

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