Sound Advice for Sales or Purchases of Companies
The business lawyers of Boyd Contreras, LLP, advise buyers and sellers of partnerships, closely held corporations, professional practices or franchise interests about the legal and practical details of business acquisitions and sales. Contact us in San Diego or Newport Beach to learn how our approach to client service can benefit you on either side of a business sale transaction in Southern California.
Attorneys for the Seller in California Business Sales
Our counsel for the sellers of business interests focuses on the varying needs of the current ownership based on our client's actual circumstances. While every seller is interested in receiving fair value on secure financial terms, other considerations can be unique to the transaction at hand.
Will you want a consulting contract or a continuing management relationship with the company after the sale? What about trade secrets and noncompetition terms? Will license transfers be involved with the sale? Is the sale of your business part of a broader exit strategy related to retirement, estate planning or a divorce? How do you disclose risks to the buyer with respect to potential employee claims, environmental liability or other contingencies that could involve future litigation?
Boyd Contreras, LLP, helps business sellers negotiate, document and conclude the terms of business transfers on terms that address your specific objectives while protecting you from risk and potential liability. In some cases, our client's main concern won't be much more complicated than price and the buyer's ability to pay it in cash or bank financing. In other situations, however, you'll need to protect your own ability to pursue your trade and profession elsewhere on terms consistent with the new owner's rights.
Due Diligence for the Buyer in Business Acquisitions
Purchasers of small businesses, franchises or professional practices need to know what they're getting into. The attorneys of Boyd Contreras, LLP, understand the level of due diligence necessary to assure you that stated asset values or cash flow projections are accurate, that there are no undisclosed risks involved with your new company, or that a continuing relationship with one or more current principals would be in your interest as well as the seller's.
No matter which side of the transaction you're on, our attention to detail on matters ranging from nondisclosure of confidential information to final price and payment terms can represent a significant advantage for clients of our law firm. We're experienced with business sales in real estate, construction, service businesses, professional practices and other fields.
Find out more about our ability to protect the value of your interest in a business sale or acquisition. Contact a San Diego business purchases attorney at Boyd Contreras, LLP, at either of our two Southern California offices.
