BUSINESS AND ASSET PURCHASES

Business and asset purchases are transactions where a buyer acquires either the entire business entity or specific assets of a business from a seller. For us, there’s no such thing as a minor detail when handling transactions for our clients. Expect nothing less than fully committed service packed with savvy legal insights designed just for you.

Business and Asset Purchases generally fall into three categories:

(1) asset purchases,

(2) mergers, and

(3) stock purchases.

These types of transactions are governed by state and federal laws (the FTC and SEC both regulate the various types of mergers and acquisitions).

Asset Purchase:

The assets in an asset purchase can be tangible (equipment, furniture, property) or intangible property (trademarks, goodwill). The transaction can generally be set up in any way the participating parties would like, including: the assumption of some, all, or none of the seller’s debts and liabilities; the continued engagement of employees; and the fulfilling of certain contracts.

Merger:

In this transaction, two companies combine to form a single legal entity. The surviving entity will assume all of the liabilities and obtain all the assets of the company that disappears in the merger. The applicable state must issue a “merger certificate” to complete the merger.

Stock Purchase:

This transaction is put into operation by one individual or entity purchasing all of a portion of the stock of an existing stockholder. In purchasing the stock, the new owner accepts all the liabilities and assets that are attached to the stock or ownership unit.

If buying a business or some key assets is on your agenda, let our pros at Franchise and Business Law Group lead the charge with top-notch legal support. Considering expanding your empire by acquiring another business? Count on our team for thorough legal guidance every single step toward making it yours. We’re like your transaction superhero team – diving into research, wrestling down terms that work for you, crafting up those important documents and ensuring everything complies smoothly with laws so nothing gets in our way. When it comes down to it, our know-how in both franchise and business law is your secret weapon for navigating decisions and hitting those big milestones effectively.