If you are looking to buy or sell a business, or enter into an agreement to open a small business franchise, you need an experienced attorney to help you maximize your investment.
At Creighton McLean & Shea PLC, we help business clients in Livonia, Plymouth, Canton and cities throughout Southeast Michigan with these important, life-changing events, and will represent them in any disputes that arise.
Entering into negotiations to purchase or sell a business or small-business 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. When you sign this document, you should know every detail regarding the purchase or sale.
In fact, if the business you are selling has been passed down from generation to generation, it is a good idea to get a family business valuation to discover its true value and maximize your return.
Succession planning is a proactive way to prepare for a time when you want to leave your business. It provides you with a detailed plan on who will take over the operation following your departure. By having a succession plan in place which chooses a qualified successor to operate your business, you can have confidence that your business will be left to capable individuals who will carry on your years of hard work.