Bradenton Business Transaction Lawyer
Are you looking to buy or sell a business in Florida? A qualified Bradenton business transactions lawyer can help you at all stages of the process. Our attorneys at Moran, Sanchy & Associates have experience representing buyers and sellers in multiple kinds of businesses. We understand how to make these transactions go smoothly as possible–and just as importantly, how to deal with any unforeseen problems that may arise.
Legal Help For Parties Seeking to Buy a Business
Only one in three businesses make it past 10 years, according to Forbes. While starting a business is risky, and the chances of failure are quite high, purchasing an existing business is not without its own set of risks. The most assured way to set yourself up for success is by working with an experienced Bradenton business transaction attorney. An attorney will not only help you negotiate the terms of the deal and have the financial records of the seller appraised, but will help identify potential issues before the sale take place. These issues can include licensing, permitting, zoning, and more.
Assisting Clients in Selling Their Business
According to Inc., the average business is on the market for 188 days before it gets sold. Some business owners want to offload their business as fast as possible, while others prefer to ease into the sale and even maintain ownership or partial ownership while the buyer learns the ropes. Whatever your specific goals are, a business transaction attorney will greatly improve your chances of selling your business in a timely, profitable, and mutually beneficial manner. We assist clients with maximizing their profits through experienced negotiation, addressing potential conflicts during and after the sale, and coaching clients through all of the pertinent state and federal tax obligations that the sale causes. Additional sales issues sometimes include the following:
- Acquiring financing for the buyer;
- Creation of a non-compete agreement to protect the buyer;
- Negotiating a transaction period so the seller has time to train the buyer;
- Drafting documents to transfer intellectual property, such as trademarks or copyrights; and
- Creation of separate contracts for crucial employees to stay on with the new business owner.
Reach Out to Our Experienced Bradenton Business Litigators Today
Acting too slowly is one of the top mistakes that businesses make, according to Forbes, and this includes waiting too long to resolve a conflict or to file a lawsuit against a negligent party. Under Florida statute 95.11, the statute of limitations is five years for a breach of contract, four years for property construction flaws, and four years for fraud. This may seem like plenty of time, but it is not. Furthermore, disputes are likely to grow worse without action, and clients and customers are often inevitably driven away or forgotten about during times of conflict. We strongly encourage you to take action quickly by talking to an attorney about your options. Call the Bradenton business transaction attorneys with Moran, Sanchy & Associates today at 941-366-1800 to schedule a consultation.