Selling a Business in Utah

Find the right Selling a Business attorney in Sandy, 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 Sandy can lend advice about which offers are worthwhile to consider. Preparing financial records to comply with Utah and Federal law is necessary and will help determine 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 necessary so that all concerns voiced during negotiations are accurately presented.

What Will I Give Up in the Business?

Essentially, the sale of a business entails the passing of a right known as ?control?. With control of a business, a party may direct its operations and dispose of its property as it sees fit. The buyer of a business in Sandy may be interested only in control of the business, and other rights within the company may not be as important. Buyers are normally looking for the cheapest route to control, and this may allow the seller to retain other rights such as the right to future earnings. Negotiations become vital in light of these particularities, and each party should use negotiations as an opportunity to make plain their intentions and concerns.

How Can an Attorney Help?

Parties who want to sell businesses must meet the requirements of Utah law. Ensuring that the sale is proper is much simpler with the advice of a local attorney practicing in Sandy.

Talk to a Business Law Attorney now!

Life in Sandy

Sandy, Utah is a city in Salt Lake County. It has a population of about 96,000 people, making it the fifth-largest city in Utah. It is generally considered a suburb of Salt Lake City, but definitely has its own character. Sandy, Utah saw its first major economic boom in the mid 1800s, when it became a center for mining. Its economy remained stable for a very long time, until the 1960s, when rapid growth again took place, giving it its current character.

Sandy, Utah has developed a thriving commercial center that runs along a few of its main streets, and has many locally-owned businesses, such as retailers and restaurants. Sandy is largely considered a bedroom community for Salt Lake City, and this is a somewhat accurate comparison.

Many residents of Sandy do work in the larger Salt Lake City, which is a major economic center for the region, and for them, Sandy could be viewed asa "bedroom community" - a city or town which is almost entirely residential, with the main purpose of its existence being a place to live for people who work in a larger nearby city.

If you live in Sandy, Utah and need an attorney, you won't have much trouble finding one. Sandy, Utah lawyers are able to handle just about any case that a resident of Sandy might face.

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