Selling or buying a business is an exciting time no matter which side of the transcation you stand. If you are selling a business you have worked hard to build your business and a new chapter of life is about to begin. If you’re buying a business your excitement comes from thinking about the potential of the road ahead and your future as an independent business owner. Regardless of which side of the transaction you are on there are important tax and legal considerations that require the attention of a professional. If you are thinking of buying a business or selling your business, contact Paul to make the transaction the most beneficial it can be. To contact Paul click here.
If you own a business with a partner or with several partners, you and your partners should have a buy/sell agreement. A buy-sell agreement is a contract between business partners that dictates who can buy a departing partner’s share of the business and establishes a fair price for the partner’s ownership interest. The agreement also describes how to determine a company’s value if all the owners decide to sell. Contact me to discuss if a buy/sell agreement is right for your situation.