Buying an existing business may provide opportunities that would take years to develop on your own. Selling your business may provide funds for retirement or the opportunity to take on a new venture. Either way, it is important that the parties to such a business transaction each have independent counsel to protect their interests. The type of purchase (assets or stock) has very different implication for buyer and seller, and the structure of the transaction can have significant tax implications. Legal representation will ensure that buyers have the necessary warranties, representations, and indemnities, and sellers are free from ongoing liabilities and have security for the buyer’s payments.
Eileen McMinn is an Asheville Business Attorney. Whether an owner or buyer in the process of selling a business, Eileen can help you ensure your transaction is binding, protective and complete. She is available for consultation in her conveniently located office in downtown Asheville.
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