Business Law Attorneys Located in Grand Rapids and Serving All of West Michigan
The sale of a business can be an exciting time for both the buyer and the seller. However, like with any business decision, it’s important to carefully assess the risks involved and take care of any legal compliance issues while also ensuring that the transaction furthers your long-term business interests. We can help you at each phase of the process.
Business Purchase Options
There are three commonly used methods of acquiring a business.
- In an asset purchase, the purchaser buys only the selling business’s assets, such as inventory, equipment, and real estate, without acquiring the business entity itself or its debts and liabilities.
- In a stock purchase, the purchaser buys a controlling interest in the company that is being acquired, and the acquired company continues to operate as it had previously.
- In a merger, the buying and selling companies create a new, combined company rather than completing a purchase transaction.
One of the most important phases of any business transaction is due diligence — the process of verifying that the buyer is acquiring what they think they are. Common due diligence issues include checking for clean title on real estate, verifying that there are no hidden liens, tax debts, or creditors, and completing a detailed review of financial statements.
Structuring the Agreement
A business sale must be carefully documented to protect all parties involved and to meet regulations imposed by the government. We will help you complete all necessary documents, walk you through the final closing process, and properly record deeds, titles, or other documents that must be filed with the state.
Experienced Business Sales & Purchases Lawyers
Our experienced attorneys know what it takes to help a business purchase or sale go smoothly. We can assist with every aspect on the transaction including
- strategic planning
- confidentiality agreements
- securities law issues
- government approvals
- due diligence
- letters of intent
- final contracts
Free Initial Consultation
If you’re considering the purchase or sale of a business in Kent County, Ottawa County, or surrounding West Michigan, schedule a free consultation with an experienced business attorney. Call our Grand Rapids office at (616) 732-8888 or email firstname.lastname@example.org.