Asset Purchase

Protect Your Most Valuable Asset with Experienced Legal Representation

Buying or selling a business is a dangerous affair. There are almost no laws, rules or regulations that serve to protect the buyer and seller in such a commercial transaction. For the buyer, it’s caveat emptor (or buyer beware) and if you’re not careful, you can inadvertently purchase unlimited liability even if you think the business is a bargain; or what you think you’re buying disappears in a puff of smoke, because the customers don’t stay after the seller is gone.

For the seller, such a transaction can be equally as risky. Without the right documents, you may not be able to walk away from the business and future liabilities. Even with cash-only deals, you expose your company’s confidential information and trade secrets, alarm key employees, and work hard to answer information requests in a due diligence process that can take months and still not see the deal close. For deals where the seller takes some money over time (called Seller Financing), the risks can be enormous.

Business Law Southwest’s Experienced Lawyers Can Help Reduce Risks

Business Law Southwest, LLC, can help with:

• Understanding different transactional strategies (whether a stock sale or asset purchase), tax strategies, employment issues and more
• Drafting and negotiating a Letter-of-Intent (or LOI)
• Due diligence evaluation or management for either the Buyer or Seller
• Dealing and negotiating with interested stakeholders, including landlords, finance companies, contracted parties and more
• Clearing up clouded or disputed titles, liens and UCC-1 statements
• Drafting and negotiating the Asset Purchase Agreement
• Drafting and negotiating supporting documents, such as a promissory note, employment agreement, non-compete and more
• Working with lenders (including the SBA) to help expedite the process
• Putting new entities, structures and partnerships in place; or dissolving and winding-down post-sales activities
• Post-closing activities, including licensing issues, notifying tax authorities, updating corporate records, and updating titles, trademarks, copyrights and much more
• Enforcement and collections

Don’t Buy or Sell a Business, without Business Law Southwest

Whether you are considering, or in the process of, buying or selling a business (big or small) — don’t do it without competent, effective and experienced legal representation. There are many stakeholders in such a transaction, including taxing authorities, landlords, employees, customers, suppliers, vendors, finance companies and more. An experienced asset purchase lawyer from Business Law Southwest can help you effectively deal with all these independent stakeholders, as well as help negotiate with the other party to successfully consummate a business deal.