Yorkville Business Purchase Attorneys
Yorkville Purchase and Sale of Business Attorneys
Whether you are purchasing or selling a business, restaurant, or franchise, Sean Robertson and Robertson Legal Group, LLC can assist you. Our attorneys are experienced business attorneys and Yorkville business purchase attorneys. Sean Robertson is a local Yorkville resident and business owner. Our office is near Minooka, Yorkville, Oswego, Plano, Newark, Plattville, Aurora, Montgomery, Plainfield, Joliet, and Shorewood.
Letter of Intent
The letter of intent is the first step in the business purchase and sale of a business transaction process. The Letter of Intent is a letter that summarizes the purchase terms of the impending business purchase. The Letter of Intent outlines the key terms of the agreement. The purpose of a letter of intent is to signal your interest and seriousness to the seller. Generally, an earnest money deposit will occur as your token of good faith. The letter of intent also allows the due diligence process to occur such as reviewing past tax returns, profit and loss statements, and finding out commercial rental terms.
Asset Purchase Agreement or Stock Purchase Agreement
Most business purchases are asset purchase agreements unless it is a medical company, which has key licenses to transfer to the buyer. An Asset Purchase Agreement is an written agreement, which highlights the key business terms between the seller and buyer. A benefit of the Asset Protection Agreement is the buyer is only purchasing the assets of the business versus the liabilities.
A Stock Purchase Agreement is where a buyer assumes the liabilities of the seller. Business generally prefer to start fresh and minimize their legal risks. A Stock Purchase Agreement is a written agreement where the buyer purchases the stock or entire company. Essentially, the buyer is purchasing the company stock or membership interests of the seller.
Experienced Yorkville Business Transactions Attorneys
Robertson Legal Group, LLC are your Yorkville Business Purchase Attorneys. We also assist business purchasers with the following legal documents:
- Review of Commercial Real Estate Leases
- Drafting of Asset Purchase Agreements and Stock Purchase Agreements
- Letter of Intents
- Promissory Notes or otherwise known as “Loan Agreements”
- Incorporations of Limited Liability Corporations (“LLCs”) and Corporations
- Review of Franchisor and Franchisee Documents
- Closing Documents for the Purchase and Business Sale
- Non-Disclosure and Non-Compete Agreements
- Employment and 1099 Independent Contractor Agreements
- Franchise and Business Negotiations
Contact Your Experienced Yorkville Business Purchase Agreement Attorneys Today at 630-882-9111