Selling a Business
The sale of a business, large or small, must be properly documented to ensure that you exit well. We canaddresses the technical issues that will assist in protecting your legal interests. There may be some employees that will transition to the new owner’s business, which can be costly to the seller if not thought through well. If there is a lease, you have significant responsibilities as the transferor (assignor) of the lease. If your lender holds secured interest over the business or any equipment, this will also need to be handled. The sale of larger businesses general involve more complex leasing arrangements, tax considerations or large scale employee transfers.