When buying or selling a business, it is easy to become overwhelmed by the number of issues and questions to be considered.
• Are the purchase discussions to be considered confidential and exclusive? If so, for what time period? How is that to be documented? • What purpose does a letter of intent serve, and what risks are associated with having one? • Should the transaction be structured as a stock purchase or an asset purchase? What factors should be considered when making that decision? • What limits, if any, should be placed on the seller’s liability for claims that are not discovered until after the closing has occurred? • Should some portion of the purchase price be escrowed? If so, what terms are appropriate? • How is the purchase price to be determined, and should it reflect a reserve for working capital? • If structured as an asset purchase, what happens to the company’s employees? For those employees that are retained/rehired, can their benefits continue uninterrupted? • I recently obtained a PPP business loan. What impact does that have on my transaction?
The attorneys at Fine & Hatfield are adept at handling transactions of all sizes and within all industries. For more information about how we can assist you, please contact David D. Sanders by calling (812) 425-3592, or emailing him directly at firstname.lastname@example.org.