Selling a business, even a relatively small family-owned company, can be a long, drawn-out process, requiring extensive preparation and an in-depth understanding of many areas of the law. According to the Lein Law Offices, local business attorneys with offices in Hayward and Winter, WI, you should consider consulting with a lawyer before putting your business on the market.

Below are just a few of the ways an attorney can help sell your business:

• Accurate Valuation: Determining the fair market value of a business can be difficult, but it's one of the most important factors influencing the success of your sale. There are a variety of techniques available, from pricing the cost of the business's assets to using established industry formulas, each of which can produce different results.
• Anticipating Tax Consequences: The tax liability you'll incur as a result of selling your business depends on a variety of factors, including what assets are included and the organizational structure it employs. A business and tax attorney will evaluate your potential tax exposure and may offer advice on compensation strategies, if any, are available.
• Deciding Which Assets to Include: Are you planning on selling only the business entity or including the company's assets, too. Deciding what will be included in the sale or what you may want to keep will have a significant impact on the price and how attractive your business will be to prospective buyers.

For over a quarter century, the attorneys at Lein Law Offices have been helping business owners negotiate purchase-sell agreements, find buyers, and help owners prepare for impending sales. If you're considering selling a business, you can rely on their team to help minimize your risks and ensure the most successful outcome possible. Visit their website to learn more about their business law services today, or call (715) 634-4273 to schedule a consultation.