Posts by Richard Burt Professional Law Corporation
You Need a Lawyer before Signing a Business Broker Listing Agreement — California Business Sale Attorney
Post by Richard Burt, San Jose Business Sale Attorney (Martindale-Hubbell rating: av) A listing agreement with a business broker may look like a simple first step toward selling your company. It isn’t. It is a binding contract — and the terms buried in it can cost you far more than the broker’s commission. Most business…
Read MoreWhat is Sold When the Business is Sold in an Asset Purchase Transaction
When a business is sold in an asset purchase transaction, the business itself is not a thing that is sold. What is sold are the assets that make up the business. So what assets are sold by the seller and bought by the buyer of the business in an asset purchase transaction? Trusted California business…
Read MoreThe Buyer’s Lawyer in Purchasing a Business
If the purchase of a business represents a major financial commitment by the buyer (and typically it does), the buyer should have the assistance of a lawyer (and an accountant). The role of the lawyer can vary with how large the transaction is and how sophisticated the client is. When should the buyer hire a…
Read MoreWhy Buy a Business?
Persons looking to be their own bosses have two options. They can start their own business or they can buy an existing business. Starting a business from scratch will typically take less capital than buying an existing business since you will have to pay for the value of the existing business. But there are advantages…
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