Purchasing and Selling a Business

small business lawyer virginia

 

When buying a business, Lewis & Associates will:

 

  • Provide advice concerning the tax consequences of your purchase
  • Get a tax clearance report for state taxes
  • Obtain a new lease effective at closing
  • Obtain necessary licenses and permits
  • Help create employment contracts, pension & profit sharing plans, contracts with customers and/or suppliers, and franchise agreements
  • Review patents and trademarks
  • Obtain the Federal I.D. and Sales Tax number
  • Check for any claims, judgments, or liens on the property
  • Review the transaction, the minutes, by-laws, certificates, loan documents, non-competition agreement, and titles

 

When selling a business, we will:

 

  • Arbitrate preliminary discussions
  • Negotiate a letter of intent
  • Prepare a confidentiality agreement
  • Draft and finalize the formal agreement
  • Perform due diligence
  • Obtain approval from governmental authorities and consent from third parties
  • Conduct the closing
  • Make post-closing adjustments as necessary