Selling a Business in Wisconsin

Find the right Selling a Business attorney in Kenosha, WI

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. The sale can be complicated, however. There are Federal and Wisconsin laws concerning mergers, acquisitions, negotiations and securities exchanges that must be followed.

How Do I Sell a Business?

The initial step in selling a Kenosha business is soliciting an offer. A purchase agent can help you find prospective buyers, as well as advise you concerning whether offers that you receive are worth consideration. Preparing financial records to comply with Wisconsin and Federal law is crucial and will help determine the proper value for the rights you are selling. 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?

Essentially, the sale of a business entails the passing of a right known as ?control?. With control of a business, a party might direct its operations and dispose of its property as it sees fit. Because the right of control is separable, the buyer of a business in Kenosha 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 essential. Each party should voice their intents and concerns during this process.

How Can an Attorney Help?

The advice of a local lawyer practicing in Kenosha will make it much easier to ensure the sale of your business is in compliance with Wisconsin law.

Talk to a Business Law Attorney now!

Life in Kenosha

Kenosha is located in Kenosha County, Wisconsin. It's population was 99,218 as of 2011. It is a well-recognized city in Wisconsin because it is the fourth largest city in the state. Surrounding areas include Chicago, Milwaukee, Green Bay and Kale Michigan

Some popular areas include Washington Park, Petrifying Springs Park, Hawthorn Hollow Nature Sanctuary and Arboretum, and Library Park. As evident, Kenosha is a great host to nature-lovers because of its many parks.

Top employers include Milken Institute, Abbott Laboratories, Simmons Bedding Company, Jockey International, and American Motors Corporation. To support such companies, Kenosha also has an excellent legal force capable of handling the legal needs of both residents and corporations.

All in all, Kenosha has some beautiful sites, offers small town charm and a loving community. It is a wonderful place to call home or visit!

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