Miami Buy/Sell a Business Attorney

Buying or selling a business is not as simple as signing the papers to close the transaction. Before you reach that point, there are a number of matters to navigate, both as the buyer or seller. Even after you negotiate the deal, there are many other steps in the process.

As the seller, you must be prepared for the tax implications of the transaction. How you structure the deal may impact your tax liability. In addition, there may be issues with division of property and handling of debts. Finally, the buyer may seek to renegotiate the deal or change the terms of the transaction, depending on what they learn during due diligence.

The buyer must be careful because they become the legal successor in interest. If the business that they are buying has debts or legal liabilities, they may become responsible for them. Thus, it is crucial for the buyer to get a very close look at the business that they are buying through the due diligence process. The buyer must learn that the business has the accounts and revenues that they thought, and that there are no nasty legal surprises waiting for them. Further, the buyer may need their own regulatory approvals to transfer ownership and complete the deal.

Much of the process of buying or selling a business is legal. Your attorney should be involved from the outset of the deal, pointing out considerations that may be helpful in negotiating the transactions and then doing the legwork to help the deal close.

Call a Miami Corporate Mergers and Acquisition Lawyer

If you are considering buying or selling your company, you should engage an experienced attorney early. Call attorney Daniel D. Diaz PA, at 786.256.3299 or reach out to us online to learn what you need to know and prepare yourself for the process.