Practice Areas: Business Transactions
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Business Formation and Incorporation
If you are starting a business, you will need to decide whether to operate your business as a closely held corporation, corporation, limited liability company, partnership, or sole proprietor. We can help you make this decision, by explaining the benefits and liabilities of each form of ownership. We set up new legal entities including L.L.C.'s, Limited Liability Partnerships, and S and C Corporations. We complete filings for new business entities and provide them with corporate kits, minute books, custom share certificates and the necessary legal documents.
Purchase or Sale of an Existing Business
If you want to negotiate the purchase or sale of an existing business, we can guide you through the process and reduce the terms to writing. One very important initial decision when purchasing or selling an existing business is whether the transaction will be an asset based transaction or a stock transaction. While every deal is different, Purchasers usually prefer to purchase assets rather than stock to avoid assuming liabilities. However, there are instances where purchasing only the assets will not result in the Purchaser obtaining what he or she needs and/or wants from the transaction. There will likely be due diligence for the Purchaser and Seller to complete prior to the closing when the business will be transferred from the Seller to the Purchaser.
For more information, or to schedule a consultation, please contact us.