Selling a Business in Texas

Find the right Selling a Business attorney in Lewisville, 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 Lewisville 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. Preparing financial records to comply with Texas and Federal law is essential and will help determine the proper value for the rights you are selling. As a final step, an agreement for the purchase will be reached, typically in the form of a written contract. It should be reviewed by all parties to ensure that what was agreed upon is accurately presented.

What Will I Give Up in the Business?

In selling a business, the buyer gains a right known as "control". Control of a business entitles a party to direct its operations and it can also controls what is done with business property. A party seeking to purchase a Lewisville business may not be concerned with all aspects of the company. In fact, purchasers are typically 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 vital, during which each party should use the opportunity to voice their intentions and concerns.

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 Lewisville.

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Life in Lewisville

Lewisville, Texas is a medium-sized city in Denton County, and it is part of the greater Dallas-Fort Worth Metropolitan area.

At the 2000 Census, the population of Lewisville was estimated to be 77,000. However, current estimates place the population at over 100,000 people, making it one of the fastest-growing cities in the country.

Lewisville, Texas was incorporated in 1925, making it one of the oldest incorporated cities in the Dallas area. In its early history, growth was very slow, with the economy largely depending on relatively small-scale agricultural operations. After the construction of the Lewisville Dam, creating a large reservoir in the area, growth began to accelerate.

In the mid-1960s, Lewisville became one of the first cities in Texas to racially integrate its public schools.

When the Dallas-Fort Worth International Airport opened in 1973, the population of Lewisville and other nearby towns exploded, partially attributed to the thousands of jobs the airport brought to the area.

Thanks to its rapid growth, and proximity to one of the country's major metropolitan centers, the legal community of Lewisville, Texas is highly diverse and well-developed. From large, national law firms, to small firms and solo practices, chances are good that you can find a Lewisville, Texas lawyer who is the right match for you.

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