Selling a Business in Washington

Find the right Selling a Business attorney in Lakewood, 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 Lakewood 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. A formal contracts will likely be written to solidify the sales agreement. Careful review of this agreement is essential 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 can use the business property as it sees fit. The buyer of a business in Lakewood may be interested only in control of the business, and other rights within the company may not be as important. Buyers are typically looking for the cheapest route to control, and this may allow the seller to retain other rights such as the right to future earnings. The wide variety of concerns that buyers may have make the negotiations process particularly vital. It's important at the beginning for each party to make plain their intentions and concerns.

How Can an Attorney Help?

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

Talk to a Business Law Attorney now!

Life in Lakewood

Lakewood is a city in Pierce County, Washington. It is home to approximately 59,000 people. Popular media publications include The Suburban Times, The News Tribune, Lakewood Press and Lakewood Journal.

Popular sites in Lakewood are Fort Steilacoom, Lakewold Gardens, Lakewood Towne Center, Lakewood Playhouse, and Thornewood.

The top employers include Fort Lewis and McChord Air Force Base.

Some Lakewood residents include attorneys who have either stopped practicing or currently practice. Residents turn to these attorneys for their legal needs. If these attorneys cannot handle the cases, then they refer residents to attorneys in nearby locations. Such a system ensures that the legal needs of Lakewood residents will be taken care of.

All in all, Lakewood is a charming place to visit and a must-see when in Washington!

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