Selling a Business in Texas

Find the right Selling a Business attorney in Victoria, 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?

An offer is the initial step in selling a business, whether you solicit one or simply receive one spontaneously. In addition to securing a prospective buyer, purchase agents in Victoria can lend advice about which offers are worthwhile to consider. During this process, the financial records must be updated and prepared in strict accordance with Texas and Federal law. The reliability of these methods is necessary in determining the proper value for the rights you are selling. 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?

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 may also controls what is done with business property. Because the right of control is separable, the buyer of a business in Victoria 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. The wide variety of concerns that buyers may have make the negotiations process particularly vital. It's important at the beginning for each party to make plain 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 lawyer practicing in Victoria.

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Life in Victoria

With a population of over 60,000 Victoria, Texas is a popular place to live. Victoria is located on the coastal plains of Texas, just thirty miles from the Gulf of Mexico and is nicknamed "The Crossroads" because it is only a couple hours from other major Texas cities of Corpus Chrisit, Houston, San Antonia, and Austin. The central location of Victoria provides for a great economy for the city. Victoria's economy is a healthy blend of retail, agriculture, industry, health, and education.

In addition to having many arts and recreation centers, including the Victoria Symphony Orchestra, Victoria is also home to the Texas Zoo. Boating and freshwater fishing are also popular pastimes in the city, and many residents make weekend trips to Lake Taxana and Coleto Lake. With over fifteen baseball fields, endless running trails, and three golf courses, Victoria is a very active city.

In addition to arts and recreation, Victoria is home to some of the Lone Star state's top lawyers. Local Victoria attorneys have a range of practice areas and are always available to help their neighbor with whatever legal issue he or she may be facing. Great lawyers is just one more aspect of Victoria that makes it such a wonderful city to live in or visit.

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