Buying or Selling a Business in Austin?
There are multiple considerations when you plan to buy a business or sell one. Neglecting any of them can lead to complications and disputes down the road.
If you’re looking for a skilled and experienced law practitioner to assist you in your business transactions, then look no further. I have successfully helped clients with a wide range of transactions, including the purchase of an existing enterprise or a merger of two companies. With my extensive 30 years of law practice and accounting background, you can trust me to guide you through the process with ease. If you’re considering a prospective deal, don’t hesitate to call me today at 512.457.1177 to discuss your options. I have served clients throughout Austin, Travis County, and Central Texas, and have facilitated sales of businesses valued at tens of millions of dollars.
Buying a Business
I perform the due diligence and manage all the details of the transaction, including negotiation of the purchase contract and managing the cash transaction or sale of stock to close the deal.
I address all key issues:
- Market position
- Veracity of financial statements
- Clear title to property
- Existing, pending or potential lawsuits or liens
- Non-compete and trade secret covenants
- Liability for advertising misrepresentations
- Regulatory compliance
- Financing
Seller Representation
If you are selling a business (or your ownership interest in one), you also need to be protected in the sale agreement. I verify loan commitments to assure that the deal is on track, and check into the buyer’s background for any indications of fraud. As a seller, you are representing that there are no (undisclosed) problems with the business and property. To limit future claims of the other party, I go over all warranties and representations to remedy any red flag issues. I also provide tax planning counsel to minimize the tax hit on proceeds of the transaction.
As a seasoned business lawyer and CPA, I have conducted buy-sell transactions, performed legal audits, and litigated contract disputes arising from these deals. I know the potential pitfalls and the corresponding protections you need to buy a business or sell a business. My combined legal and financial expertise can help you maximize the value of your transaction and minimize your tax burden. Contact my Austin office today to learn more. 512.457.1177.
Why Choosing an Attorney is Crucial:
It is essential to understand the importance of hiring an attorney when it comes to buying or selling a business. It is similar to navigating a foreign country without knowing the language. Without qualified legal counsel, you may miss out on crucial details, misinterpret contracts, or overlook red flags that could result in significant financial losses. Therefore, having an experienced attorney by your side can prevent potential legal setbacks and ensure a smooth transaction. With over 30 years of experience handling every facet of business transactions, including multi-million dollar deals, I possess the legal and financial expertise to:
- Uncover hidden risks: Through meticulous due diligence, I dissect financial statements, verify asset ownership, and identify potential legal threats you might miss.
- Negotiate confidently: I’ll be your champion in the negotiation arena, securing the best terms and protecting your interests in the purchase agreement.
- Ensure compliance: From regulatory hurdles to tax implications, I navigate the legal landscape expertly, ensuring your transaction adheres to all necessary regulations.
- Minimize tax burdens: As a CPA, I understand the financial ramifications of your deal and use my expertise to minimize your tax liability.
- Prevent future disputes: With my keen eye for detail, I will draft airtight contracts and address potential areas of conflict, safeguarding you from future legal battles.
Whether you’re buying your dream business or exiting the market on a high note, peace of mind is priceless. I will provide that security, taking the weight of complex legalities off your shoulders and allowing you to focus on the bigger picture. Contact my Austin office today to learn more. 512.457.1177.