Sales of Businesses

Purchase and Sale of Businesses

Representing Your Business Interests

Grad, Logan & Klewans, P.C. provides expert representation to clients who are interested in buying or selling a business. Our extensive knowledge of business law and business practices allows us to provide exceptional representation of your business interests.

Buying an Existing Business or Professional Practice

If you are considering buying an existing business or professional practice, there are a number of actions you need to take to protect yourself before signing any contracts. We will assist you in determining the appropriate legal entity that should buy the business and we will negotiate the terms and conditions of the sale. As part of the buying process, you will usually go through what is known as the “due diligence” process, which means inspecting the books and records of the business you intend to buy to confirm their accuracy, as well as examining any property that is included in the sale such as equipment, land and buildings.

Selling an Existing Business or Professional Practice

If you are considering selling an existing business or professional practice, there are a number of actions you need to take before offering the business for sale in order to maximize the sales price. A potential seller will want to review the operational structure and personnel of the existing business or professional practice before selling. We also recommend that a “legal audit” be conducted on your business prior to its sale. The purpose of the legal audit is to determine if there are any issues that can adversely affect a sale of the business. It is always better to find out prior to a sale if there are issues that need to be corrected. We will assist you in establishing an offering price for your business and in negotiating the sales contract. We can also assist you in marketing your business to qualified buyers. Regarding professional practices, we deal with a number of professional practice brokers and professional placement agencies.

Please contact lawyer Samuel N. Klewans regarding buying or selling an existing business or a professional practice.