Purchase or Sale of a Business
I am a business lawyer with many years of experience in the purchase/sale of businesses (a mergers and acquisitions lawyer), as well as negotiating joint venture arrangements. As a result, I can provide legal advice with respect to acquisitions or sales of business and joint ventures. My advice will add value to the transaction. A sale of the company may be the exit strategy for a startup business or it may be the exit chosen upon retirement. If you are considering the purchase or sale of a business call KHNETIC Legal now.
Steps in the Purchase or Sale of a Business
Non-Disclosure Agreement and Preliminary Due Diligence
The first step in the purchase or sale of a business or joint venture is usually signing a non-disclosure agreement. Once the NDA has been signed, the purchaser will want to look at some preliminary due diligence. Preliminary due diligence is done to determine if the company is the correct fit. Furthermore preliminary due diligence will assist in determining what terms should be included in the letter of intent.
Letter of Intent and Preliminary Due Diligence
The business attorney for the purchaser will then draft a letter of intent. A letter of intent is generally nonbinding. However, the letter of intent sets forth the basic terms of the transaction. As a result, the letter of intent acts as a roadmap for the documentation of the deal. I will advise you on the structure of the transaction. The structure must be carefully considered to get you the most value, as well as protect your interests. I will assist in conducting or gathering the information for the necessary due diligence.
Negotiating and Drafting Deal Documents
KHNETIC Legal will draft and negotiate the acquisition or sales agreement. Depending on several factors, we will discuss how to structure an acquisition or sale. We can choose among a purchase of assets, a merger or a stock sale. Assistance with all matters necessary to close your deal will be provided. My goal is to get deals done. Finding solutions to any issues that come up in negotiations helps get the deal closed. Nitpicking at items that will not add value to the deal is wasted time. Wasted time does not result in an efficient manner of closing your transaction.
I will work with you through the due diligence process. Together with your accountant and any other necessary specialists, we will thoroughly review all information about any potential target company. We will gather the requested information for due diligence if you are selling your company. This process helps to draft an agreement that contains the necessary protections so that you will avoid unpleasant surprises once the deal has been closed. Requesting or providing all the necessary due diligence information and having all appropriate parties review such information is critical to a successful acquisition or sale.
Many businesses can add great value to their company through joint ventures with other entities. It is important that you have a business lawyer as your advocate when negotiating the terms of any joint venture agreements. As your business lawyer, KHNETIC Legal will ensure that your company gets the most value from any joint venture arrangement. In addition, I will ensure that the intent of the parties is accurately reflected in the joint venture agreement.
Whether you are a startup company, a serial entrepreneur, have a business that you plan to run for the long term, or want to buy or sell a business, I am a business lawyer with the experience to work with you. Together we will strategize and structure the necessary agreements. If your exit strategy involves a sale of the business, I will provide advice with respect to the best structure in which to sell your business. I will also negotiate, draft or review the letter of intent, and all necessary documentation to ensure a smooth closing of the deal.
WHY A BUSINESS LAWYER IS BETTER THAN AN ONLINE FORM COMPANY
There is no substitute for a business lawyer representing your business interests. Whether it be the formation of your company, or more complex matter, a business lawyer (mergers and acquisitions lawyer) is able to provide legal advice and guide you through the process to ensure the most value to you.
A company that provides online form services does not know you and the goals and vision you have for your company. An online company does not have enough knowledge about your business to understand the potential risks your business faces. Therefore an online company cannot protect you from such risks. An online company cannot provide the added value to your company that a business lawyer will bring to you. An online company is not capable of providing you with the rock-solid foundation addressing all the needs of your business. KHNETIC Legal has the experience that your business needs.
Working as a mergers and acquisitions lawyer in Pennsylvania, I believe it is imperative for me to understand your business. This includes understanding what your goals are and the vision you have for your business. I also talk to you to understand the industry and competition. By understanding these factors, I can act as your business lawyer, counselor and advocate to move you towards the goals you have for your business in a practical manner that will add real value to your company.
I enjoy helping people achieve their goals, solving any problems they encounter and in general, acting as part of the team as my clients’ advocate. The teamwork involved in helping businesses not just succeed, but soar to new heights, provides me with great satisfaction. It will also provide your business with a valuable asset and make you more money.
Call today to energize your business and move forward into the future. 610.524.3250