Selling a Business in Virginia

Find the right Selling a Business attorney in Burke, VA

It can be profitable to sell a business, since years of work invested often make it an attractive buy. Being purchased by a competitor or a larger firm is something many businesses look forward to. Nevertheless, the transaction can be complicated. Certain Virginia and Federal laws governing mergers, acquisitions, negotiations or securities exchanges may come into play during the sale of a business.

How Do I Sell a Business?

Obviously, the first step in selling a business is to either receive an offer or solicit one. In Burke, purchase agents do more than simply find buyers. They also lend advice about which offers are worthwhile to consider. Determining the correct value for the rights you are selling is critical in this process. To do this, financial statements must be updated and prepared to comply with Virginia and Federal law. Usually a formal contract will be written as the agreement nears its conclusion. The provisions contained in the contract should present all matters discussed in a fair light, and this requires careful review by both parties.

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 Burke may not be interested in other rights within the company. Actually, control is usually 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?

Virginia 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 Burke.

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Life in Burke

Burke, Virginia isa community in Fairfax County. Its population is nearly 60,000 people, as of the 2000 Census.

The area now known as Burke has been populated by humans since prehistory, but really began to come into its own as a town in the 1840s, when the construction of a railroad brought industry and jobs.

The railroad station, and the accompanying post offices and telegraph stations, proved strategically important during the American Civil War, with both sides fighting to control the town.

Modernly, like much of Fairfax County, Burke, Virginia is considered a suburb of Washington, D.C. After WWI, many employees of the federal government began to move to Burke, because the Capital was easily accessible, thanks to the railroad.

Burke, Virginia is served by several public transportation options that connect it to Washington, D.C., as well as major federal facilities in the surrounding area, such as the Pentagon.

Given the large number of government employees who live in Burke, as well as its residential character, it shouldn't be a surprise that there are plenty of Burke, Virginia lawyers who can handle a legal issue that the average person is likely to face.

Whatever legal matter you're facing, or think you might have to face soon, it's an excellent idea to, at the very least, speak with a Burke, Virginia lawyer.

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