Selling a Business in Washington

Find the right Selling a Business attorney in Edmonds, WA

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 Washington 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?

Of course, there must be an interested buyer with an offer in order to sell a business. The job of purchase agents in Edmonds is not only to secure an offer, but they also lend advice about which offers should be considered. In order to determine the proper value for the rights you are selling, financial records must be updated and prepared to comply with Washington and Federal law. As an agreement for the purchase is reached, usually a formal contract will be written. It is important to review such documents before they are signed so that all aspects of the agreement are presented properly.

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 Edmonds 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. The wide variety of concerns that buyers may have make the negotiations process particularly vital. It's important at the outset for each party to make plain their intentions and concerns.

How Can an Attorney Help?

The law in Washington places certain demands on parties who want to sell a business. Attorneys in Edmonds are qualified to advise you in this process and ensure that the sale is in compliance with the law.

Talk to a Business Law Attorney now!

Life in Edmonds

Edmonds, Washington is a city in Snohomish County. It has a population of slightly over 40,000 people.

It is the oldest incorporated city in Snohomish County, Washington, having been founded in 1899 by a logger named George Brackett. It's not clear who or what the city of Edmonds, Washington is named after, but it is likely either then-U.S. Senator from Vermont George Franklin Edmunds, or nearby Point Edmund (later re-named to Point Edwards).

By 1900, regular ferry boat service to Seattle was available. Edmonds, Washington is an important regional center for the arts. It fetaures a well-known, privately-funded drama club, called the Driftwood Players. They do 4-5 major productions per season, interspersed with several more one-night plays.

It also has hosted a major art festival since 1957, which focuses on the visual arts such as painting and illustration, and collaborates with local schools, featuring several galleries exclusively displaying the artwork of local students, to help promote arts education. Edmonds, Washington also hosts a jazz festival every Memorial Day weekend, with professional, famous jazz performers playing, as well as music students from nearby schools.

Given its diverse, eclectic population and culture, it's no surprise that Edmonds, Washington has a diverse and well-rounded legal community. If you're facing a legal issue, and live in the area, it's almost certain that an Edmonds, Washington lawyer can help.

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