All transactions should be approached with appropriate deliberation, diligence, and structure. Buying or selling a business is complex and is fraught with risks to be identified and considered. With large pursuit costs, multiple parties involved, and the potential assumption of liabilities, it’s crucial to have a seasoned legal advisor at your side.
As a buyer, it’s imperative that your purchase agreement and closing documentation protects your interests and conveys your responsibilities. You must conduct your due diligence on the business or assets in question, especially when it comes to liabilities like financing obligations, potential lawsuits, lease and service contract obligations, real estate and easement issues, management structure, earn-outs, and other important factors.
If you are a seller, before marketing your company for sale, take the time to safeguard your non-transferrable intellectual property, personal information, employees, earn-out controls, and evaluate whether you would be willing to consider seller-financing. Engaging Battleson Law early in the process (before hiring an investment banker or business broker), will ensure your interests are protected at each stage in the process, including during your negotiations with your investment banker or business broker.
When you need legal representation for buying or selling a business, contact Battleson Law as early in the process as possible. Reach out for your free consultation to get started. We serve Metro Atlanta and all of Georgia.