There’s absolutely no doubt that every proven business owner in the Phoenix metropolitan area or elsewhere in Arizona put a lot of time and unstinting effort into building up his or her enterprise and guiding it through to success. In addition to sweat equity, of course, pure smarts and applied acumen contribute immeasurably to the success of any business endeavor.
Those same traits are typically on display when an owner contemplates the sale of an established business, which can be every bit as complex and difficult as building up the enterprise was.
Deciding to sell a business, notes an online article discussing relevant considerations relating to a business sale, “can be particularly difficult” for a number of reasons. Emotions can obviously play a factor. Economic realities and current market conditions are obviously fundamental factors that must be adjudged and responded to.
The number of top-tier considerations in play with most business sales makes advance planning — that is, methodical, systematic and careful thinking — an imperative.
An experienced business and commercial law firm can play a material role in a business sale, especially in instances when myriad challenges confront a business owner.
Such challenges often stem from litigation concerns that might arise pursuant to a sale, valuation issues relating to assets and commercial real estate, timing considerations that are closely attuned to local market conditions, financing and a host of other matters.
And, of course, a carefully crafted sales agreement that accurately attends to all relevant sale-related details is a top-shelf concern. The above-cited article calls that agreement “the most important document” in the sale of any business.
A business owner that worked astutely and with passion to create a successful business must often expend similar effort to sell that business on profitable terms. Proven legal counsel that help promote that aim.
Call Cook & Price, PLC today at 480-407-4440 or email us through this website.