Selling a Business in Texas

Find the right Selling a Business attorney in Waco, 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 first step in selling a business, whether you solicit one or simply receive one spontaneously. In addition to securing a prospective buyer, purchase agents in Waco 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 essential 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 can use the business property as it sees fit. Because the right of control is separable, the buyer of a business in Waco 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. Negotiations during the sales process are essential, and they should be used as an opportunity to voice fully each party's 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 Waco will be able to advise you about your particular sale.

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Life in Waco

Waco is home to approximately 234,906 people. Located in McLennan County, Texas, Waco lies near the Brazos River and is between Dallas and Austin.

Being near two of Texas's largest cities, Waco residents have available to them the large legal force in Dallas and Austin. Many small, mid-size, and large law firms are located near Waco and train attorneys in all areas of practice.

Alongside the legal industry, top employers include Baylor University, L-3 Communications, Wal-Mart, Sanderson Farms, Inc., the school districts, and Hillcrest Health System.

Downtown Waco is a fun area filled with great shopping and dining. Also, Downtown Waco is were Dr. Pepper was invented! The famous Dr. Pepper Museum is therefore located in Downtown. Other popular attractions include the west banks of the Brazos River, Baylor University, and the Cameron Park Zoo.

All in all, Waco is a great place filled with friendly residents, history, and comfortable living.

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