Corporate

Purchase and Sale of a Business

If you are considering purchasing or selling a business through either an asset or share transaction, the 2020 Law Group can provide you with the legal services you require to obtain the result you are looking for.

As a purchaser, there are many issues that you need to consult a lawyer for including draft and/or review of the offer to purchase, tax considerations, corporate organization, payment of deposits, obtaining purchase financing, securing the business lease in your name, transferring the telephone numbers and ensuring that all of the assets or shares that you acquiring are free and clear of any other interests. The 2020 Law Group can assist you with all of these issues and will work with you to develop a strategy to operate the business after the closing date.

As a seller, it is important to have lawyer review the terms of the offer to purchase, enforce the payment terms, discharge any encumbrances, negotiate lease assignments for the premises and equipment, assist with the transfer and/or termination of employees, and the minimization of any liabilities associated with the business after the closing date.

The 2020 Law Group has worked with many purchasers and sellers of all kinds of businesses with a view to make the transaction and the transition of owners as easy and seamless as possible. If you are looking to purchase a business or sell an existing business, please contact our office at 403-730-2020.