Selling a Business in Utah

Find the right Selling a Business attorney in Layton, UT

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 Utah 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 Layton can lend advice about which offers are worthwhile to consider. Preparing financial records to comply with Utah and Federal law is essential and will help determine the proper value for the rights you are selling. Lastly, an agreement will be reached in the form of a written contract. All parties should review the contract to ensure that it reflects a complete understanding of what the parties have agreed.

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 Layton 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?

Utah 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 Layton.

Talk to a Business Law Attorney now!

Life in Layton

Layton, Utah is a city located in Davis County. It has a population of about 60,000 people.

Layton, Utah is named after Christopher Layton, a Mormon missionary and early settler of the region. In the decades after its founding, Layton's growth in population and wealth was slow but steady. However, the establishment of Hill Air Force Base nearby, followed almost immediately by America's entry into WWII, led, almost overnight, to a huge spike in population, changing the face of Layton forever. War workers streamed into the area, transforming Layton from a small agricultural community to a bona fide city.

After the war, growth slowed, but continued to be fueled by the growth of nearby Salt Lake City, for which Layton is now a major "bedroom community" (a town on the outskirts of a much larger city, serving largely as a residential area for people who work in the city).

Thanks to its proximity to Salt Lake City, Layton is home to a thriving legal community. If you are facing a legal issue, there is almost certainly a Layton, Utah lawyer who can help you solve it.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Howard B.
Howard B.

Business - Litigation

Rye Brook, NY

Mark B.
Mark B.

Business - Litigation

Roseland, NJ

David A.
David A.

Business - Litigation

Walnut Creek, CA