Purchase and Sale of Businesses
Buying or selling a business in the Chicago area
A significant portion of our law practice involves working with clients to plan, structure, evaluate, negotiate, and document business purchases or sales. We work in concert with our clients and their advisors who make up the business team. We listen to your goals and help you achieve them in the transaction. We also look for innovative ways to achieve your objectives.
Planning, structuring, and evaluation
Buying or selling a business is usually a complex matter. Without proper attention to how the transaction is handled, unexpected and unwanted results may occur. We provide advice and guidance to help avoid problems and better achieve your goals. When we represent a seller, one of our goals is to maximize the after-tax proceeds from the transaction. If we represent the buyer, we make every effort to structure a transaction to maximize the tax advantage for the buyer. Often, with innovative design work, the goals of both the buyer and seller can be met. Due diligence in transactions is often a key aspect of the preparation and evaluation process, and we routinely assist clients in their due diligence efforts.
While you alone make the business decisions, we provide assistance in the negotiation process. Our experience enables us to identify both legal and tax issues and address problems that might otherwise be overlooked. Having an attorney assist with negotiations in a transaction is key to its success. Our services often allow the buyer and seller to maintain a good working relationship when the deal is done, which is critical for a smooth transition.
Properly documenting a purchase or sale transaction typically involves many documents that touch on a wide variety of legal and business issues. Once the transaction is structured, we routinely prepare all documents needed to protect the interests of our clients. Such documents include—
Our goal at this stage is to eliminate uncertainty and secure performance.