An Experienced Law Firm Can Make Buying a Business Nearly Painless
Author: Amanda Trapp
Business mergers and acquisitions arrive in almost all shapes and sizes, as do lawyers, law firms, and legal services. Some would-be buyers or sellers are hesitant to hire a good business law firm. Many who do not later wish they had. Hiring an experienced firm with integrity often proves critical to making a successful purchase or sale—or passing on an unsuccessful one.
The benefits of business mergers and acquisitions are obvious: They provide an opportunity for business owners to increase assets for development. When you acquire or merge with an existing business, you gain new personnel and skills that can enhance your company’s performance. At the same time, you are reducing competition and sharing the costs of running a business. But buying and selling a business, just like running a business, comes with significant risks attached. Stibbs & Co. counsels clients on the steps and terms necessary to ensure that a merger or acquisition goes as smoothly as possible, while protecting the buyer or seller from potential legal liabilities. We are experts in the finer details of finance, business valuation, commercial real estate, contracting, and negotiating, and we take pride in understanding each client’s unique needs.
A common perception is that business attorneys charge high rates, and many small business owners do not have much, if any, extra capital with which to pay. As a result, many small business owners only hire a business law firm after they have been confronted with a serious legal problem. Many of our clients find that an ounce of prevention is worth a pound of cure. The best time to hire a business attorney is before you find yourself faced with a lawsuit or stuck in a bad contract. This is why we make it our business to help our clients stay in compliance with the law and spot developing legal issues early when moving forward with a merger or acquisition.
We can provide potentially invaluable assistance with:
- Non-Disclosure Agreements
- Due diligence
- Letters of Intent
- Purchase Agreements
- And more
The right business law firm for your transaction shares your vision for expanding your business and has the potential to help you reach your highest value. Do you have the right team in place to make the purchase or sale of a business as painless as possible? If you’re looking for an experienced team specializing in business law, give Stibbs & Co. a call today at (281) 367-2222. We look forward to getting to know you.