The law firm of Byrnes, O’Hern & Heugle specializes in assisting small and closely held local businesses in purchasing and selling ownership interests in these businesses or the assets of the businesses. Whether an asset purchase or a sale of stock or membership interests, we can help.
Even in the sale of a relatively small business, the transaction will need to address the tax ramifications of the sale, the assignment of any Leases or Service Agreements, the allocation of the purchase price among various categories of assets, and accounting for payables and receivables of a business. These transactions often involve financing, either by a third party or by the seller, and we can assist in the drafting of appropriate documents to reflect such financing.
As a purchaser, our clients need to be certain that they are not inheriting liability or purchasing an unknown problem. Sellers need to know that once a closing occurs, they can move on and not worry about events taking place after then sell.
If you are contemplating a purchase or sale of a business, take the time to contact us and speak to our attorneys.