Albany Business Purchase Lawyers
New York Business Sales Lawyers
Selling a business is a big decision. There are a lot of steps that must be completed before your transaction is complete, and you want to make sure the process goes according to plan. Having an experienced attorney on your side can help you simplify the process as you ensure that your rights are protected.
At the law offices of Maxwell & Van Ryn, LLP, our Albany business purchase attorneys represent the buyers and sellers of New York businesses. Providing our clients with the personal service they deserve, we will make sure you understand your full range of options as we provide a plan tailored to your specific needs.
Facilitating Successful Business Sales
One of the most overlooked parts of selling a business is the transfer of interest. Simply selling the assets that make up your business does not account for the transfer of the corporate name or ownership. We will make sure you take into account every aspect of the business you are buying or selling so you know exactly what you are getting from this transaction. We will also look out for the following concerns:
- Negotiate full terms and conditions of the buy-sell agreement: In addition to price negotiations, we can help you outline the future relationship between buyer and seller, as sellers often take on new roles as executives or consultants.
- Negotiate noncompete terms: We help buyers and sellers come up with fair noncompete agreements that express the parties’ intentions as to the seller’s continuing ability to work in competition with the business sold.
- Protect sellers against risk: If you are selling a business, you want to take steps to protect yourself from a buyer defaulting on the purchase over time. We will help you anticipate risks involved with bank financing and draft contract language against them.
- Protecting buyers: It is important to know exactly what you are buying. We will conduct proper due diligence on every aspect of the sale, including cash flow, asset value, liability risks, pending litigation and regulatory risks.
With an extensive estate planning practice as well, our firm can help business buyers integrate their newly acquired assets into their estate plans.
Before you go through with the purchase or sale of your business, make sure you have thoroughly looked into your rights and options. From our Delmar offices, we help businesses in the greater Albany area conduct successful transactions. For a no-obligation consultation, call 518-475-0016 or contact us online today to learn more.