Businesses are bought and sold every day, whether they are sole proprietorships or large corporations. Regardless of the type of business, all parties concerned would prefer the sale and transfer of the company to effect a smooth transition which does not interrupt business operations. Factors like the nature, size, duration, and purpose of the business will affect the implications of the sale and the process by which it is sold. Furthermore, there may be tax issues that both the buyer and seller should address before completing the sale. Sometimes, third party interests, such as those of lenders, landlords and licensors, require special attention when structuring and closing the transaction.
Whether you are buying or selling a business, the attorneys at The Burton Law Firm can help you plan and implement the transaction from start to finish. We can assist with formulating requests for information about a business target. We can work with your accounting and tax professionals in analyzing the cash flow and other economics of the transaction and structuring the transaction with tax implications in mind. We can help negotiate the terms and conditions of purchase or sale, including representations, warranties, indemnities, non-competes and payment terms. Overall, we have the experience and skillset to help you manage and coordinate the various factors, and bring everything together to close the deal.
Our attorneys have experience with the various forms of mergers and acquisitions, including purchases and sales of stock, purchases and sales of assets, and statutory mergers. We also frequently assist with purchases and sales of partial interests, such as purchasing or selling a controlling stock interest when one shareholder desires to buy the entire interest of another shareholder. These transactions require careful planning and scrutiny, and must be properly contracted. The Burton Law Firm excels at assisting with these acquisitions.
Another way to acquire an interest in a business is through a joint venture. A joint venture is a way for two established companies to work together on a particular business opportunity. The benefits and burdens of the opportunity will be shared, usually by each company offering resources and sharing in profits. A successful joint venture can improve the relationship between the companies and lead to additional and larger economic opportunities in the future. In short, a joint venture is a specialized form of partnership. The Burton Law Firm can help structure a joint venture relationship, and prepare a joint venture agreement that provides for the desired allocation of risks and rewards. Let The Burton Law Firm help your company succeed in your joint venture operations.
Contact us today and schedule a meeting with Jeb Burton, our top mergers and acquisitions attorney.
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California has required employers to “indemnify” employees for “necessary expenditures or losses incurred by the employee in direct consequence of the discharge of his or her duties, or of his or her obedience to the directions of the employer” in substantially the same terms since 1937 under Labor Code § 2802.
