Why Buy a Business With Us?
If you are in the market to buy a business chances are you will eventually need the services of an attorney to help you with the purchase contract and other legalities. For example, depending on the type of business you are buying, you will need various types of licenses and permits ranging from simple things like a business license to more complicated issues such as liquor licensing. You will also want an attorney to review and advise you on the lease for your business, as well has perhaps form a new corporation to protect your personal assets from potential business liabilities. Our attorney-brokers at LCRG have represented buyers with all of these issues in many different types of business purchases. By having LCRG broker your next business purchase you will enjoy the added benefits of having an attorney who will handle all of the legal matters associated with your business purchase. Let LCRG be your “one stop” for your next business deal.
LEGAL ISSUES WHEN BUYING A BUSINESS
There are many legal issues associated with buying a business. Our attorneys at LCRG can help with the following common issues a buyer will face:
- Drafting and Negotiating the Purchase Agreement. This agreement will control buyer’s and seller’s respective duties and responsibilities throughout the transaction.
- Forming a Business Entity. With any type of business, you will want to form an entity such as a corporation or LLC to protect your personal assets from potential business liabilities.
- Licenses and Permits. Depending on the type of business you are purchasing, you will need to obtain many different types of licenses and permits to legally operate. For example, if you are purchasing a restaurant or convenience store that has an alcohol beverage license, you will need to have that license transferred to you. You may also need many other items such as a business license, seller’s permit, health permit, tobacco license, and many others. Our team at LCRG can help with all of these items.
- Advising you on Escrow Deposits. With poorly drafted contingency clauses, a buyer could face losing a substantial deposit if the sale does not go through.
- Reviewing the Lease. It is very important to understand all terms and conditions of the lease for the business you are purchasing. For example, is this a triple net lease, gross lease, does the tenant pay for all repairs, and so on. Buying a business without fully understanding your obligations under the lease is foolish.
- Escrow Supervision and Closing. During the course of any business transaction, there are often issues that surface during escrow that parties may not anticipate. Having handled numerous types of business purchases, our team at LCRG will be representing you the entire way to solve most issues and ensure a smooth closing.
Let us help you find a perfect business opportunity:
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