Selling a Business in Washington

Find the right Selling a Business attorney in Yakima, 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 Yakima is not only to secure an offer, but they also lend advice about which offers should be considered. The purchaser may want financial records to be updated in accordance with Washington and Federal law. This may be required by law in some cases, and besides, it always helps in determining the correct value for the rights you are selling. As a final step, an agreement for the purchase will be reached, usually in the form of a written contract. It should be reviewed by all parties to ensure that what was agreed upon is accurately presented.

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. Since buyers in Yakima are generally concerned with acquiring control, they may be willing to allow other rights, such as the right to future earnings, to remain with the seller in exchange for the cheapest price on the right of control. 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?

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 Yakima.

Talk to a Business Law Attorney now!

Life in Yakima

Yakima is located in Yakima County, Washington. Per the 2010 census, it is home to 91,067 people.

Popular sites include Mount Rainier National Park, West Valley and Terrace Heights, and the Yakama Indian Reservation.

Top employers include the Sports Center Tavern, The Hilton Garden Inn, the Speakeasy Bar, Grill Nightclub, Kana Winery, Donitelia Winery, Yakima Cellars Winery, and the Barrell House.

Yakima is also home to many small law offices. Very competent attorneys are able to tackle the legal needs of residents with the help of their wonderful support staff. Therefore, Yakima residents never have trouble tending to their legal needs.

Overall, Yakima is a small, quaint area that hosts a small-town charm and humility. It is a wonderful place to visit and call home!

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