Protect Yourself When Investing
Purchasing a business is much more complex than most other business transactions. The necessary steps require deep legal skill, as well as being detail-oriented and thorough in your review. You need an attorney that has long experience in helping clients successfully buy businesses. Marcus, Gould & Sussman, LLP, is an established firm that is able to stand by you each step of the way.
Strategic, Detail-Oriented Care As You Buy A Business
When you are considering investing in the purchase of a business, our legal team at Marcus, Gould & Sussman, LLP, can help you every step of the way. We will help you:
- Examine financial and operational records: Our team will evaluate the financial health and operational aspects of potential business purchases. This includes an in-depth review of cash flow statements, balance sheets, tax returns and asset lists. By understanding the full financial picture, we help identify any red flags, such as hidden liabilities or overstated earnings, that could impact the value of the business. To ensure precision, we collaborate with other professionals, such as certified public accountants (CPAs), who bring additional expertise to the table.
- Procure financing: If you require financing for your purchase, our firm provides comprehensive support in securing the necessary funds. We can help you identify suitable financing options, whether through traditional bank loans, SBA loans, private lenders or alternative financing methods. Our team communicates with financial institutions on your behalf, helping ensure your interests are represented during the financing process. We also review the terms of any loan agreements to help ensure they align with your long-term financial goals.
- Skillful negotiation: Negotiating the terms of a business purchase is a critical step in securing a favorable deal. Whether you are discussing the purchase price, payment terms or contingencies, we act as your dedicated advocates. Our team helps ensure the negotiation process protects your interests and positions you for success. In many cases, negotiations extend beyond the purchase price to include complex issues like intellectual property ownership, employee retention and future liability for existing contracts or lawsuits. By leveraging our experience in business transactions, we help you achieve the best possible outcome while fostering a cooperative relationship with the seller.
- Drafting and reviewing contracts: The purchase agreement is the foundation of your business acquisition. We assist in drafting or reviewing contracts to reflect the terms you have agreed upon and protect your legal rights. The contract does not end with the purchase itself; it also governs what happens after the transaction is complete. We include provisions that help ensure the seller’s cooperation during the transition period to minimize disruption and allow you to focus on running your new business. Also, we identify potential pitfalls and propose modifications that protect your interests, such as limiting your responsibility for undisclosed liabilities or past debts incurred by the seller.
Our lead attorneys each have more than three decades of experience, and they put that experience to work for clients who are looking to purchase a business. You can trust that we will protect your best interests.
Call The Firm For A Meeting
We offer free consultations for new clients, so you can get to know us and how we can help you buy a business. You can reach our White Plains office by calling 914-561-3249 or sending us an email through our online form.