Business Law

Question:
I am planning to retire, and am thinking about selling my business. Do you have expertise in this?

Answer:
Yes, we do. Entering into negotiations to sell (or purchase) a business or franchise without the aid of legal counsel is a risky endeavor, as a buy-sell agreement is a detailed and complex document necessitating thorough legal examination. In fact, if the business you are selling has been passed down from generation to generation, it is still a good idea to get a family business valuation to discover its true value, and maximize your return.

We also do succession planning as a proactive way for a business owner to prepare for a time when they want to leave their business. It provides them with a detailed plan on who will take over the operation following their departure. By having a succession plan in place which chooses a qualified successor to operate the business, the owner can have confidence that the business will be left to capable individuals who will carry on the business for years to come.