Buying & Selling Businesses
Central Florida Business Attorney
The process of buying or selling a business can be tedious and tiresome, and often comes with copious amounts of documentation. A qualified legal professional practicing business law can help you navigate through the sale and help make the process easier on you and the buyer or seller. Usually, the purchase or sale of an incorporated small business will be in the form of either an asset purchase or a stock purchase. An asset purchase involves the buyer purchasing some or all of the seller’s assets. This transaction is often favored by buyers because you get the assets—i.e. equipment or inventory—without taking on the seller’s debts and liabilities. Whereas a stock purchase involves the buyer purchasing all or most of the seller’s stock and “steps into the shoes” of the seller. This option is usually a bit more appealing to sellers because the buyer assumes all of the seller’s debts and liabilities.
Consult with an Attorney
It is a good idea to consult with an attorney as early in the process as possible to make sure that you get the deal you’re after. An attorney can help you structure the right deal for both the buyer and the seller, and help you minimize taxes as well as potential liability issues. The attorneys at Akin Law P.A. can provide assistance in the sale of a business and can provide answers to any questions you may have. With the help of our attorneys, you will receive step-by-step instructions to aid with the sale. We dedicate our time and our practice to meticulously helping clients with all details—big and small—of their case. If you are in need of an attorney to oversee the purchase or sale of a business, do not hesitate to contact Akin Law P.A. to schedule a consultation.