Everyone has different reasons for starting and ending a business. Some Silicon Valley entrepreneurs start their businesses hoping to be acquired by a larger corporation. Many tech industry business owners build their enterprises with the goal of selling them, while other business owners are simply ready for a change. Whether you’re being acquired, retiring, transferring your business interest to a family member, or simply moving on, the experienced Silicon Valley business lawyers at Structure Law Group, LLP can help. From explaining tax options and consequences to fighting for the best sale price, we’re here for Silicon Valley business owners at every step. To schedule your free business law consultation with one of our experienced Silicon Valley business attorneys, call us today at 408-441-7500 or contact us online.
Step 1: Finding a Buyer & Negotiating a Sale Price
Most clients looking to sell their businesses have a buyer lined up and a ballpark sale price in mind. However, a sale can fall apart in the details. For example, do you own a patent associated with your business that’s necessary for operation? Do you have financial investors who own a share of your company? Are there any outstanding contracts or liabilities the new owner should be aware of? Always take the following into consideration when negotiating a sale price: