There are numerous decisions that must be made when you run a company, but one of the most important actually comes when it’s time to put your business up on the market. This is when you have to decide whether or not to hire a lawyer to assist with the transaction. Transferring business ownership to another party can be a complicated process, but with the guidance of a lawyer, you can have confidence all the appropriate laws and procedures are being followed and you’re getting the best deal possible.

Here are a few services your lawyer will provide to help you reach your goals:

• Negotiating & Drafting Contracts: There is quite a bit of paperwork involved in the transfer of a business. Your lawyer will help you come up with appropriate terms for the sale and draft all the necessary contracts and agreements. They will also handle negotiations with potential buyers until the terms are agreed upon by both parties.

• Financing: It’s particularly important to work with a lawyer if your transaction will include financing. There are many laws surrounding private investors, and it’s crucial everything is in proper compliance with these guidelines. If you are providing seller financing, your legal representative will make sure you are properly protected with the right contract.
• Due Diligence Review: A due diligence review involves ensuring all organizational documents for corporations and LLCs are current. This also involves going over any paperwork that will need to be transferred pertaining to vendor agreements, leases, employee contracts, franchise agreements, and material contracts. Your lawyer will also secure any third-party approvals that are necessary.

Lawyers play an important role in any business sale. They perform several duties to ensure a smooth transition of ownership. The attorneys at Zangari Cohn Cuthbertson Duhl & Grello PC have decades of experience in business law and are qualified to offer the residents of New Haven, Hartford and Providence law firm with sound legal advice on a variety of matters. When it comes to selling a business, they work hard to make sure their clients get the most value out of the transaction. Contact them at (203) 789-0001 to schedule a consultation, and visit their website for more information.