Selling a Business in Virginia

Find the right Selling a Business attorney in Waynesboro, 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?

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 Waynesboro can lend advice about which offers are worthwhile to consider. Preparing financial records to comply with Virginia 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?

In selling a business, the buyer gains a right known as "control". Control of a business entitles a party to direct its operations and it can also controls what is done with business property. Because the right of control is separable, the buyer of a business in Waynesboro 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. 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?

The advice of a local attorney practicing in Waynesboro will make it much easier to ensure the sale of your business is in compliance with Virginia law.

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Life in Waynesboro

Waynesboro, Virginia is an independent city located in beautiful Agusta County. The city of Waynesboro derives its name from General Anthony Wayne -- a key figure in the American Revolutionary War. Waynesboro is home to close to 22,000 residents and is located on 15.4 square miles. Waynesboro is the famous home to P. Buckley Moss, a famous local artist who paints the landscape. The P. Buckley Moss Museum draws close to 45,000 visitors a year to Waynesboro.

Waynesboro is a city with a lot of American History. In addition to it's name, Waynesboro was the site of some important victories for General Anthony Wayne. Today, the city keeps that military spirit alive with various historical markers and also in their education. The Fishburne Military School is located in Waynesboro and is an all-male military school for grades 8-12.

Waynesbobro has more than history to offer its' residents. The city is also home to a thriving professional community with many talented lawyers, doctors, accountants, and businessmen. Waynesboro lawyers are some of the best in the business and just another aspect of this Virginia city that people enjoy.

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