Selling a Business in Utah

Find the right Selling a Business attorney in St. George, 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 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 St. George can lend advice about which offers are worthwhile to consider. Preparing financial records to comply with Utah and Federal law is imperative 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 imperative 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 may use the business property as it sees fit. The buyer of a business in St. George may be interested only in control of the business, and other rights within the company may not be as important. Buyers are usually 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 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?

The advice of a local lawyer practicing in St. George will make it much easier to ensure the sale of your business is in compliance with Utah law.

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Life in St. George

St. George is located in the southwestern party of Utah, and is part of Washington County. The city is known because of its proximity to Las Vegas, Nevada and to Salt Lake City. Surrounding sites include the Mojave Desert, Pine Valley Mountains, and Zion National Park.

Top employers in St. George include SkyWest Airlines, Wal-Mart, Intermountain Health Care, Bryce Canyon National Park, and the Zion National Park. As evidence, tourism is a driving force in St. George's economy. This being said, the legal industry also has a presence in St. George because many attorneys have settled in St. George. They practice in small law offices offering legal services in various areas of law. Therefore, residents have local attorneys that are competent to tackle all of their legal needs.

Famous residents include Julius Erving, Bruce Hurst, Doug Jolley, Jay Don Blake, and Lavell Edwards.

Moreover, famous movies filmed in St. George include High School Musical 2, Jurassic Park, On Our Own, and Romancing the Stone.

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