Hendricks Law Firm PLLC can assist you with buying or selling a business, whether structured as an asset or equity sale.
We invite you to contact us today if you have questions or need the guidance of a business lawyer in NYC.
Buying or selling a business is not a simple task and it requires preparation of the appropriate documents, conducting necessary due diligence, and understanding the potential tax consequences. You should work with a New York business lawyer when faced with such a potential transaction.
Acquiring a business typically involves either an asset purchase or an equity-based purchase. With an asset purchase, the buyer purchases only the seller’s assets instead of acquiring control of the entity as a whole. An asset purchase will generally be more beneficial to the buyer than the seller from a tax perspective.
In an equity-based purchase, the buyer takes full ownership of the stock (corporation), the ownership interests (limited liability company), or the partnership interests (partnership) in the company, generally resulting in a more stable change in ownership and management and generally resulting in more beneficial tax consequences to the seller.
Hendricks Law Firm PLLC competently and professionally assists clients through the process of buying or selling a business.
Contact us and let us know how a New York business lawyer can help you to buy or sell a business.