Selling a Business in Wisconsin

Find the right Selling a Business attorney in Waukesha, 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?

An offer is the initial step in selling a business, whether you solicit one or simply receive one spontaneously. In addition to securing a prospective buyer, purchase agents in Waukesha can lend advice about which offers are worthwhile to consider. During this process, the financial records must be updated and prepared in strict accordance with Wisconsin and Federal law. The reliability of these methods is necessary in determining the proper value for the rights you are selling. As a final step, an agreement for the purchase will be reached, typically 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?

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 may use the business property as it sees fit. The buyer of a business in Waukesha 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. Negotiations become essential in light of these particularities, and each party should use negotiations as an opportunity to make plain their intentions and concerns.

How Can an Attorney Help?

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

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Life in Waukesha

With a population of just under 65,000, Waukesha is a very popular Wisconsin city to live and work in. In fact, it was ranked 36th on the Top 100 places to live, and one of the 100 best communities for young people to live in as well. The city is located just eighteen miles from Milwaukee. With all that recognition, it is no wonder that there are so many great lawyers in Waukesha. Whether at the beginning or the end of their legal career, there is a Waukesha lawyer skilled in whatever legal issue you may be dealing with. In addition to lawyers and a great professional community, Waukesha is also home to many great colleges and universities, including: Carroll University, University of Wisconsin-Waukesha, and the New Tribes Bible Institute.

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