California Business Law Attorneys

Assist in buying or selling a business

A business represents a substantial investment and often the culmination of an owner’s life’s work. Selling a business can bring untold satisfaction when it signals a milestone in a business career—a goal achieved. Exciting prospects are often in store for the buyer as well. Yet, for practical reasons, the successful purchase or sale of a business requires viewing all factors from a financial and legal perspective. California business attorneys at the Law Offices of James G. Schwartz, P.C. provide the insightful evaluation and legal advice you need for a business purchase or sale, based on decades of experience.

Legal help for the right business purchase

The due diligence process for buying a business can be extensive. Business law attorneys in California can help you consider important factors to evaluate a business purchase. Some documentation and records for review include:

• Financial records
• Liens
• Tax liens
• Building lease
• Accounts payable and receivable
• Cash flow statements
• Balance sheets
• Employment contracts
• Existing business contracts
• History of lawsuits
• Assets and inventory
• Appraisal of business value
• Assessment of inherent risks for the type of business

Managing your business sale

Selling a business involves extensive work as well, whether passing a business on to family members through a business succession or selling for retirement purposes. Some important aspects of selling a business include:

• Inventory of all business assets
• Proper business valuation
• Determination of sale price
• Examination of tax consequences

Business purchase or sale closing transactions

A California business attorney can help you negotiate the terms and conditions of a purchase or sale along with drafting and/or reviewing the transaction contract. A lawyer can review loan or financing documentation along with any other auxiliary documentation necessary to finalizing the purchase or sale. The contract should contain provisions that offer protection should the other party fail to disclose important information, such as tax liabilities on the part of the seller. A representations and warranties clause can stipulate that both parties have disclosed all relevant information regarding the transaction.

Contact our business attorneys in California today

Seeking experienced legal advice and assistance in purchase and sale negotiations from an experienced California business lawyer can offer you the legal protection and peace of mind you need when dealing with business acquisition or sale.

Call 925-400-6039 or contact us online.