The sale or purchase of a business in Oklahoma, even a small business, can be an unexpectedly complex process and cause unnecessary headaches for you as a business owner.  At Liberty Legal Solutions, LLC, our experienced business attorney Jonathan Krems is equipped to represent your interests if you are interested in either buying or selling your business.  Some of the key considerations that factor in the process of buying or selling a business may include:

  • Do you want to sell your entire business, or just the assets?  If assets are part of the transaction, are all of them being transferred, or just a select few?  For example, consider your business’ equipment, materials, stock options, and intellectual property, not to mention your employees.
  • If real estate is involved, is it a part of the transaction?
  • Is the business you wish to buy or sell an existing franchise?  Are there necessary or important documents or requirements which are specific to the franchise?
  • After the transaction is completed, should the business operate as an LLC, closely held corporation, or another business entity?
  • What changes, if any, need to be made to the operating agreement or bylaws if one or all the owners sells their interest in the business?
  • What should happen in case key aspects of the transaction fall through or one of the parties fails to meet their expectations in the transaction?
  • Is confidentiality being protected during negotiations and throughout the business transaction process?
  • Are there regulatory or legal concerns which will arise as a result of the sale?
  • What is the sale price, will the sale be financed through a loan, and who covers incidental costs, e.g., inspections, audits, taxes, etc.?

A crucial part of any business sale or purchase transaction is due diligence.  A prospective buyer must inspect the finances, operations, records, and functions of the being offered for sale so that the prospective buyer can properly analyze the risks of the transaction.  Our experienced business attorney Jonathan Krems can assist with the due diligence process and compile all the documents which a selling business needs to produce to the prospective buyer.  Likewise, our attorney Jonathan Krems can also advise a prospective buyer as to what documents to request and due diligence factors to consider.

Business Purchase & Sale

The sale or purchase of a business in Oklahoma, even a small business, can be an unexpectedly complex process and cause unnecessary headaches for you as a business owner.  At Liberty Legal Solutions, LLC, our experienced business attorney Jonathan Krems is equipped to represent your interests if you are interested in either buying or selling your business.  Some of the key considerations that factor in the process of buying or selling a business may include:

  • Do you want to sell your entire business, or just the assets?  If assets are part of the transaction, are all of them being transferred, or just a select few?  For example, consider your business’ equipment, materials, stock options, and intellectual property, not to mention your employees.
  • If real estate is involved, is it a part of the transaction?
  • Is the business you wish to buy or sell an existing franchise?  Are there necessary or important documents or requirements which are specific to the franchise?
  • After the transaction is completed, should the business operate as an LLC, closely held corporation, or another business entity?
  • What changes, if any, need to be made to the operating agreement or bylaws if one or all the owners sells their interest in the business?
  • What should happen in case key aspects of the transaction fall through or one of the parties fails to meet their expectations in the transaction?
  • Is confidentiality being protected during negotiations and throughout the business transaction process?
  • Are there regulatory or legal concerns which will arise as a result of the sale?
  • What is the sale price, will the sale be financed through a loan, and who covers incidental costs, e.g., inspections, audits, taxes, etc.?

A crucial part of any business sale or purchase transaction is due diligence.  A prospective buyer must inspect the finances, operations, records, and functions of the being offered for sale so that the prospective buyer can properly analyze the risks of the transaction.  Our experienced business attorney Jonathan Krems can assist with the due diligence process and compile all the documents which a selling business needs to produce to the prospective buyer.  Likewise, our attorney Jonathan Krems can also advise a prospective buyer as to what documents to request and due diligence factors to consider.