Exit your Business
You’ve spun up a successful business and have been profitable, or you are nearing the end of your career and are looking for an exit. Selling your business can be a big undertaking. Between structuring the deal to protect your interest, negotiating non-competes and non-solicitations, and allocating purchase price, there is no shortage of hurdles you need to navigate whether you are buying or selling.
As a business and tax attorney, I am here to help you every step of the way. I help founders and small business owners run their businesses from inception to sale. As your attorney, I will help you prepare and negotiate purchase agreements, restructure your business for an exit, and handle the purchase or sale of your business so that you can focus on your next venture.
Are you ready to get started? Schedule a no-obligation business review with me today using the link below!
Buy or Sell a Business
Purchase Agreements
The cornerstone of any purchase or sale of a business is the Purchase Agreement. This agreement will define the terms of the sale or purchase of the company. Purchase agreements can be complex or simple documents that define various terms, outline the purchase price, and highlight indemnification provisions that protect you after the business exchanges hands.
When preparing to negotiate a Purchase Agreement, it is also essential to consider whether you are buying or selling and how you are buying or selling. More specifically, will you buy or sell the interest in the company or the underlying assets of the company? Deciding how to buy or sell the business and the underlying negotiations can make or break a deal. Having a strong negotiator and experienced attorney on your side will protect you and ensure you get the best deal possible.
Exit Structuring
Preparing to Exit a business comes with its own unique set of challenges. Sometimes, whether intentionally or not, there may be missing documents, such as employment contracts or vendor agreements. Moreover, you want to ensure that there are no potential exposures that could risk interest in your company.
As your attorney, I will work with you to plan your Exit. As part of my exit structuring, I will help conduct an audit of your company to help you identify where you may have exposure in your company and help you structure or restructure your company to entice buyers and preserve capital for your sale.
Legal & Tax Due Diligence
When purchasing a new business, you must have a firm understanding of what you are buying. As your counsel, I will help you engage in legal and tax due diligence on your potential target. Through the due diligence process, I help you review your target’s contracts, agreements, employee agreements, and other legal documents to ensure there is no legal liability you may be purchasing as part of your deal.
In addition to legal and due diligence, I also can help you conduct tax due diligence. Through this process, we will review your target’s tax position, reviewing tax returns, Independent Contractor status, sales and use tax, and corporate structure. This process helps ensure that you are not buying a company with latent tax liability exposure and, as a result, you end up owing money to the IRS or state.
Are you contemplating a sale or purchase of a business? Schedule your no-obligation consult using the link below to get started!
Buy or Sell a Business the Right Way
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Contact Josh
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Schedule your NO OBLIGATION consult to discuss your business idea
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I help you buy or sell your business