How the sale of your business will play out depends on a number of factors, including the size of the company, value, yours and buyer’s specific requirements, specific state regulations, and more. For this reason, our legal professionals who specialise in the sale of business and similar matters know that each case requires a personalised approach.
However, in the majority of cases, the sale of business involves the following steps and Leyden Legal services include legal help through the entire process:
- Preliminary negotiations - We officially evaluate your business or assets by reviewing the finances, as well as help you answer all questions which are posed at this stage: will the key employees be retained, is the shareholder or board’s approval required, are government documents required, how long will the deal be kept open, etc.
- Drafting the sale of business contract - We draft an official sale/business acquisition contract to contain details such as the price, specific terms, time of asset transfer, and other important details.
- Closing - Closing is the most paper-intensive part of the process. Leyden Legal will go through the documentation and the sale of business contract to make sure everything is signed and notarized, as well as that all is conducted in accordance with the terms and conditions of the agreement.