Purchasing and Selling a Business
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
