Business Transfers

We represent both sellers and purchasers of businesses. When purchasing, the typical business transfer involves the creation of an entity to protect individuals from personal liability; the negotiation of a lease for the premises at which the business will operate; and the contract of sale and closing of the sale of the business.

While the seller of a business does not need to create an entity, lease issues, and contract of sale issues, must still be dealt with. 

One of the primary concerns in representing a purchaser of a business is to insure that the purchasing entity does not become responsible to pay for any debts of the seller entity.  This concern is most serious with respect to businesses which are required to pay sales tax.  The laws in this regard are quite stringent, and potentially damning, for a purchaser who fails to strictly comply with the requirements of these laws. 

Our firm would be happy to represent you in any such transaction. As usual, we can pledge careful and through attention to detail for your protection.