If there is one lesson every Managing Member or Chief Executive Officer learns one way or another, it's that all businesses go through transitions. This is an inevitable process for all companies that flourish, and we are here to help you. There are countless contracts that need to be vetted when buying or selling a business, and the hassle of dealing with this can be overwhelming. However, you are not alone. By choosing to hire a Portland Lawyer for Business in Transition, you will receive counsel and guidance through every step of the process. You will have a team of professionals who will manage the due diligence and legal counsel required for the deal to be beneficial.
Why You Need a Business in Transition Lawyer
Whether you are selling or buying a new business, employing a lawyer is highly advisable. A business in transition lawyer will handle all the important details such as drafting, inspecting, and modifying contracts so that they represent your interests. This is a tedious process that requires a professional. Otherwise, businesses who take this type of transaction into their own hands might overlook clauses that will cost them. More importantly, the lawyer will let you know if there are any irregularities or concerning issues with the terms of the purchase.
When selling, a business in transition lawyer is essential if you want to get the best price for your company. While you are the one who gets to mark the price and call the shots, the lawyer will advocate and negotiate your goals to the buyer. This will make negotiating a more formal and professional matter where the buyer is more inclined to offer the price you are asking for. In addition, you can rest assured knowing that a business lawyer is a crafty negotiator who will make sure you get the best deal and make maximum profit.
Thanks to our experience in helping businesses expand, we learned the best practices when structuring a stock and asset sale. When preparing stock sales, an experienced business in transition lawyer will know that the proceeds are taxed at a lower capital gains rate. That's not all. The stock sales proceeds in a designated C-corp are bypassed at the corporate level. On the other hand, asset sales may generate higher taxes. A business lawyer will help you achieve the best results in connection with tax allocation provisions.
Having a team of expert business lawyers will make a great difference when buying or selling a company. They will guide you through every step of the transaction. Starting with documentation, drafting contracts, verifying financial data, and ending with negotiating the price, the business lawyer will ensure that the business structuring goes your way. There are many benefits that you will receive by hiring a Lawyer for Business in Transition, and below you can check out some of the most important ones:
Structure the transaction.
Negotiate and help explain material terms.
Advise you on limited liability.
Handle lease assignments.
Draft an asset purchase or stock transfer agreement.
Seller’s financing documents.
Manage the closing and post-closing tasks.
Buying or Selling a Business
Mergers and Acquisitions
Stock and Asset Sales
Due Diligence and Execution
Business Structuring
Venture Capital Transactions
Business Arbitration, Divorce + Dissolution
Arbitration and dissolutions of corporations
Limited liability companies and partnerships
Advise on procedures and processes