Buying and Selling a Business in New York State

Considering going into business for yourself? Do you want to Buy or Sell a Business? Did a Business for Sale sign catch your interest? We are Queens, Nassau and New York Business Attorneys and Lawyers here to help yo Buy and Sell a Business. As Business Lawyers and Attorneys we understand that there are many different aspects to consider when dealing with businesses including whether to buy or sell a business. We understand the pressures involved in deciding whether to buy or sell a business.

We are experienced in assisting start-ups and existing businesses. Our corporate and business development division focuses on assisting clients who have already decided to buy or sell a business on which tactics to utilize to achieve their goals. From our corporate offices in Queens and Nassau Counties, we work with our clients to make the process of buying and selling a business one that is made on facts rather than on a “good or bad feeling,” hype or puffery of other parties involved in the transaction.

Our Queens, Nassau & New York Business Lawyers/Attorneys are available to advise on the following:

  • Counseling on timing issues. When is the best time to buy or sell?
  • Do you need a corporation, L.L.C., L.L.P., d/b/a or another entity form to operate the business? Do you need a shareholders agreement?
  • Do you need to dissolve an existing business entity?
  • What kind of contracts will need to be executed? Do you need a lawyer?
  • Are there any government licenses you need to operate your business? Any licenses that must be surrendered when ceasing operations?
  • If buying a business, did the previous owner pay all their taxes? Will the purchasor be responsible for those taxes?
  • Should you enter into a short term or a long term lease? Should you sign a lease at all? Should you execute a personal guarantee?
  • What is a letter of intent?
  • What if there are lawsuits against the business you are buying or selling?
  • How do you negotiate?
  • How do I protect my personal assets in the event the transaction goes bad?

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This web site and the related links are purely a public resource of general information and it is not intended to be nor is it a source of legal advice. You should consult an attorney for advice regarding your specific situation. This information is generalized and should not be relied upon as legal advice. This communication does not create an attorney-client relationship.

IRS CIRCULAR 230 DISCLOSURE
To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. Federal Tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing or recommending to another party any transaction or matter addressed herein. We are a debt relief agency.

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