Houston Business Sale and Purchase Attorney
Success Starts Here: Selling Your Business
Selling a business is an excellent way to cash out your equity and start living your dreams. You sacrificed and worked hard for all these years and now have the opportunity to change your life.
The challenge is getting a buyer to do all the financing and meet your asking price. Data shows that 99% of all businesses are considered small, with less than $1 million in revenue and employing fewer than ten people. These businesses are more difficult to sell and could have unforeseen challenges in completing the sale.
The most effective approach is to work with a knowledgeable attorney to sell your business. The laws and regulations surrounding the sale of businesses are complex, and you need a skilled professional to guide you.
The Weisblatt Law Firm’s attorneys understand that selling a business involves critical decisions, and we are here to help. We use our decades of experience to guide you and assist you in making the most prudent decisions.
Contact us now at (713) 666-1981 to schedule your free phone consultation with a skilled business sale attorney. We are committed to securing a deal that creates the most favorable outcomes.
Why Our Attorneys Give You a Legal Edge
Selling any business involves legal factors that could impact the deal’s successful closing. Your lack of legal expertise is a critical mistake that could lead to lawsuits and costly errors, adversely affecting your financial well-being. Here are some ways our lawyers give you a legal edge when selling your business.
Knowledge and Skills
A knowledgeable business sale attorney knows the law and uses their experience to help you navigate any issues. We ensure that nothing is left to chance, and we review all options to help you make wise decisions about selling your business.
Our attorneys thoroughly understand the business landscape, industries, sectors, and local economy. We use this knowledge with our connections to increase the exposure of your business to potential buyers. Your attorney handles everything and looks out for you throughout this process.
Guidance
At the Weisblatt Law Firm, we give you personalized guidance to make selling your business easier. Your attorney takes the time to understand your concerns, issues, and goals. We work with businesses of all sizes and will navigate you through all the complexities. Our team will only stop once we successfully sell your business for the maximum price and most favorable terms.
Navigating Legal Complexities
Selling a business requires navigating various legal complexities, such as due diligence, contract negotiations, compliance, and taxes. Our team ensures that nothing is left to chance, and we pursue every angle. We deal with all the legal paperwork when conducting our due diligence and collaboration, so everything goes smoothly.
Business Valuations
Deciding the value of the business is critical for completing a successful transaction. You want a fair price reflecting the market value to get the most equity out of the transaction.
A skilled attorney has knowledge and experience with these transactions, and we have connections with various professionals, including appraisers, investment professionals, and real estate agents. Our team works to get you the highest valuations for your business, reflecting a competitive and realistic asking price.
Privacy and Confidentiality
Privacy and confidentiality are some of the most critical aspects of selling a business. The last thing you need is sensitive information falling into the wrong hands and derailing the deal.
Our team protects your confidentiality, and we use various methods to protect your privacy, including nondisclosure agreements and working with only qualified buyers. We use all legal means to ensure the utmost confidentiality of all information.
Reducing Risks
All business sales carry a certain amount of acceptable risk. Our team identifies and eliminates unnecessary risks with a detailed and proactive process. We do our due diligence and review all contracts to reduce your liabilities and post-sale issues.
Addressing Tax Implications
Selling a business carries significant tax implications, and you need skilled professionals to guide you. Our attorneys work with experienced tax advisors to develop effective strategies to reduce your tax burden. Structuring the sale enables us to increase your after-tax proceeds and transform the situation into a positive life-changing event.
Support after the Sale
Our commitment to you goes beyond closing the deal and selling your business. Your attorney ensures the transition goes smoothly with the resources and connections to skilled professionals. Our legal team helps you to find the assistance you need with investment opportunities, estate planning, or starting another venture. We are here for you and ensure that everything goes smoothly after the sale of your business.
Success starts by speaking with a qualified attorney about the sale of your business. Our team brings decades of experience and is passionate about helping our clients succeed. We have five-star reviews for our knowledge, professionalism, and insights. You can embark on your new adventure with excitement and peace of mind by working with an attorney that protects you.
The Process of Selling a Business
Selling a business requires following specific steps to get the maximum value. Here are the basic steps we use to help you sell your business.
Valuation
Valuing the business requires reviewing the revenues, real property, goodwill, intangible assets, investments, inventory, and equipment. Our team brings in professional appraisers with experience valuing the most complex businesses. They objectively value the company to get an asking price that is fair and competitive.
Finding Buyers
Our team works with various resources and professionals who can bring in serious and qualified buyers. We screen the buyers and ensure they have the financial resources and a willingness to close the deal. A motivated buyer is one of the keys to successfully selling your business for a fair price.
Negotiations
Your attorney handles all the negotiations on your behalf and will only stop once they receive an offer reflecting your terms and conditions. We complete agreement on the final price, terms, payments, and timeline. Negotiations require working with skilled professionals who have experience handling these transactions and understanding the actual value. Our team works diligently to get a fair price that reflects your terms and conditions.
Finalizing the Sale
Finalizing the sale is the last part of the process, reflecting the change of ownership. Your terms and conditions are met, and you want to proceed with the transaction. Your attorney ensures that everything goes smoothly so you have peace of mind.
The Documents to Sell a Business
After signing the nondisclosure agreements, the buyer will want to see various documents.
Tax Returns
The buyers want proof of after-tax income and write-offs by reviewing several years of tax returns. We recommend having these available over five years to help the buyer know the revenue from the business.
Business License
You must provide a copy of your business license and all paperwork for your business.
Leases
The buyer will assume your leases and wants a copy of the lease for the retail or office space.
Contracts
The buyer will want to see your contracts with vendors, customers, and employees.
Intellectual Property
Many businesses will have intellectual property, including copyrights, patents, and trademarks. The buyer will want all these transferred to them before buying the company.
Insurance Policies
The buyer must see your insurance policies to determine the coverage, premium costs, and protection levels.
Employee Records
The buyers will want employee records, including pay, salaries, and disciplinary history.
Customer Lists
Your customer lists are shown to the buyer so they can understand your market and relationship with customers.
These are some of the most essential documents that buyers will want to review when researching your business. We recommend working with a skilled attorney to guide you. You are showing confidential information to buyers and need protection against disclosing sensitive information.
Your attorney will protect your rights by requiring all buyers to sign an ironclad nondisclosure agreement. You can relax and know you work with skilled professionals who make things easier.
Why Choose Us?
The attorneys at the Weisblatt Law Firm have decades of experience selling businesses of all sizes. We understand the law and use our expertise to close a transaction that gets you the highest value.
We have five-star reviews for our knowledge, skill, and results. Our attorneys will give your business the attention it deserves to maximize its value. You worked hard not to take any chances with your business. The price that closes the transaction plays a role in deciding what you will do with the next stage of your life. Our team takes the stress of selling your business so you can relax and know you are working with dedicated professionals.
How Can We Help?
You will speak with a skilled business sale attorney who gives objective advice and reviews the options. Our team leaves no stone unturned and examines all aspects of the deal to look out for you. Your attorney handles everything and explains what is happening in simple terms you can understand.
Contact us now at (713) 666-1981 to schedule your free telephone consultation with a business sale attorney. You will get practical advice on maximizing your sale price and creating favorable terms and conditions.
Attorney Andrew Weisblatt
Mr. Weisblatt has practiced continuously since becoming licensed in 1992 and has represented businesses ranging in size from one person start-up ventures to multi-national corporations employing hundreds of people in multiple countries. From 2005 through 2009 Mr. Weisblatt was in-house counsel and chief operating officer of a multi-national corporation in the steel products industry. That in-house position provided valuable insight into how businesses work and what they actually need from their lawyers – both in-house and outside counsel. Attorney Bio
