Selling an Existing Business

It’s Not Just About the Money

Selling a business that has been built up over the years can be one of the biggest transactions a business owner will ever do.  Most business owners will only do this once in their career as they seek to retire and harvest the business they have grown.  This can be a nerve-racking experience for an owner; it’s not just about the money they are expecting to receive, but the entire process of transitioning their business to a new owner. 

Business owners need to ensure that once they sell their business, they are protected from future liabilities related to the business if the new owner isn’t able to duplicate their success.   We understand these issues and have been fortunate enough to guide dozens of business owners every year in these transactions.

Our goal is to make the legal framework of the deal understandable, efficient and as simple as possible.  We won’t over negotiate a deal or kill a deal based on our own fears.  We will bring issues to the surface, will negotiate hard on the deal points that matter and will help bring the deal over the finish line.  We look forward to discussing your deal and guiding you through the process.

Issues for Selling a Business

Every transaction for the sale of a business has issues that are specific only to that transaction.  No business is exactly the same, and the goals and intentions of every seller are similarly different.   There are several issues to consider when selling a business, which include but are not limited to:

  • Tax implications
  • How to handle existing employees
  • Vendor contracts
  • Warranties
  • Potential for liability that exists after the business is sold
  • Unique industry/business issues

In addition, there are many small and large issues specific to certain businesses and/or industries, which should be addressed.

There are always a few very important issues that must be addressed, no matter what the size of the business. The trick to good lawyering is to know what those issues are.   We have years of experience and have worked on hundreds of deals.  This is too important a transaction for a general business attorney unfamiliar with business transactions to learn on.  If you are thinking of selling your business, or are midway through the transaction, you need to be sure you have the right legal team in your corner.  Please call us today 215-525-1165 to confidentially discuss your deal and to see if we will be a good fit for you.