Business Transactions

You may need an attorney when buying or selling your business to ensure the legal aspects of the sale process are handled properly. An attorney can review and negotiate the terms of the sales agreement, advise on any potential legal issues or liabilities, and handle the transfer of ownership and any necessary paperwork. They can also ensure that the sale complies with local, state and federal laws, and provide support during any legal disputes that may arise. Having a knowledgeable attorney involved in the sale of your business can help ensure a smooth and successful transaction.

Why Real Deal Law?

When searching for an attorney, it is crucial to not only find someone you feel comfortable with, but also someone who possesses the expertise and proven track record to effectively handle business matters. Real Deal Law stands out as a top choice for these reasons, and we highly recommend considering our firm before attempting to buy or sell a business.

• Knowledgeable: We have a thorough understanding of state and federal laws. We provide helpful and clear legal advice, and we try to anticipate and overcome any potential legal issues that may arise.
• Experienced: We have experience in facilitating business transactions. We have a proven track record of successfully handling similar cases and we understand the nuances and complexities of business law.
• Communicative: We clearly and effectively communicate with the client. We can explain legal concepts and procedures in a way that the client can understand, and keep the client informed of any developments in their case.
• Responsive: We are responsive to the client’s needs and concerns. We are available to answer questions and provide updates, and are to go above and beyond to ensure the client’s satisfaction.
• Ethical: We are ethical and professional in our conduct. We adhere to the rules of professional conduct and always act in the best interests of the client.

When you hire Real Deal Law, you have support that you can trust throughout the entire transaction.

What Exactly Can We Offer You?

We provide valuable assistance throughout the business transaction. We not only offer services with the transaction itself, but we also support your business before and after. We offer comprehensive guidance from start to finish, and our support doesn’t end once the documents are signed.

• Due diligence: If you are the buyer, we conduct research on the business to ensure it is a good investment and the seller provides information about the business for review.
• Negotiating the sale: We can assist with negotiating the terms of the sale, including the price, payment structure, and any contingencies.
• Drafting the purchase agreement: We draft legally binding purchase agreements that outline the terms of the sale.
• Supporting documents: We offer various types of protections for both buyer and seller, including: LOI, Bill of Sale, indemnity agreement, assignment and assumption agreements, Member Interest/Shares transfer documents, loan documents, escrow agreements, and more.
• Obtaining financing: If necessary, we can advise the buying entity of the implications of financing to purchase the business.
• Closing the sale: The sale is finalized with the transfer of ownership, payment of the purchase price, and any necessary paperwork.
• Transferring licenses and permits: We can ensure that any licenses and permits required to operate the business are transferred to the new owner.
• Notifying relevant parties: When necessary, we notify the relevant government agencies, such as the Texas Comptroller of Public Accounts, of the change in ownership.

We are committed to providing comprehensive support throughout the entire process, ensuring that you are kept informed and that your questions and concerns are addressed. We understand that the process can be overwhelming, and we strive to alleviate that burden by handling all the necessary steps and working towards a smooth and seamless outcome.

What are the Risks of Going It Alone?

Filing Incorrectly Can Waste Time and Thousands of Dollars

The risks of buying or selling a business without an attorney include:

Legal compliance: Without proper legal guidance, the sale may not comply with state and federal laws, leading to legal consequences.

Contractual disputes: An improperly drafted purchase agreement may lead to disputes and costly legal battles.

Unforeseen liabilities: The buyer may unknowingly assume liabilities that were not disclosed during the sale.

Misrepresentation: Without proper due diligence, the buyer may not fully understand the financial or operational risks of the business, leading to disappointment and potential losses.

Missed opportunities: An attorney can identify opportunities to structure the sale in a tax-advantaged manner, which can result in significant savings for both parties.

Loss of control: The buyer may lose control of the business if they do not properly negotiate the terms of the sale.

Loss of time and money: Resolving disputes and fixing issues that arise during the sale can be time-consuming and expensive without proper legal guidance.

In conclusion, Real Deal Law can help mitigate these risks and ensure the smooth and successful sale of a business.