Selling a Business
If handled properly, selling a business can be financially rewarding. At Blustein, Shapiro, Rich & Barone, LLP we have experience in protecting sellers’ interests and maximizing their profits.
We work with you every step of the way, including the preparation of all appropriate documents before the sale, the signing of non-disclosure confidentiality agreements by prospective buyers, and the negotiating and drafting of a contract when you’ve found an appropriate buyer.
Buyers evaluating your business will generally want to see at least three years of financial information, including tax returns and a current balance sheet. You should have the most recent 12 months’ financial statements by month, as buyers will want to see any seasonal fluctuations. Other information that might be valuable for a buyer include permits, licensing, leases, customer and vendor contracts, supplier lists, and marketing materials. You may want to continue to earn a salary by working for the buyer as an employee after the closing, and we can assist with negotiating and drafting a mutually acceptable employment agreement for you or for a key employee who has helped you build your business.
Selling a business can be a complex endeavor fraught with seemingly endless questions. Don’t sell yourself short; turn to an attorney for help. To speak with one of our experienced professionals about your legal concern, contact Blustein, Shapiro, Rich & Barone, LLP.