Selling a Business in Wisconsin

Find the right Selling a Business attorney in Racine, 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 first step in selling a Racine 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. The purchaser may want financial records to be updated in accordance with Wisconsin 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 an agreement for the purchase is reached, normally 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. Since buyers in Racine are typically 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. The wide variety of concerns that buyers may have make the negotiations process particularly vital. It's important at the start for each party to make plain their intentions and concerns.

How Can an Attorney Help?

In selling a business, the seller must meet the requirements of Wisconsin law. A local attorney practicing in Racine will be able to advise you about your particular sale.

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Life in Racine

Racine is located in Racine County, Wisconsin. It is well-recognized because of its location being near to popular sites such as the beautiful Lake Michigan, Root River, Milwaukee and Chicago.

Popular attractions include the Wind Point Lighthouse, S.C. Johnson and Son Administration Building and Research Tower, Racine Zoological Gardens, Thomas P. Hardy House, and Historic Horlick Field.

Famous celebrity athletes from Racine include Bob Foster, Steve Hanson, Don Heinkel, Ed Killian, Jesse Marsch, Brent Moss, Leo Murphy, Alex Scales, Tim Van Galder and Al Zupek.

Racine is also home to many attorneys who actively practice and are capable of handling the legal needs of residents and local businesses. Thus, no one has to travel far from Racine to have their legal needs taken care of.

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