Owning a business comes with ups and downs, and the ins and outs of each stage can no doubt be confusing. Mergers and acquisitions can especially be complicated to deal with, no matter how large or small the involved businesses are. Fortunately, an attorney in Massachusetts can guide you as a business owner through these processes.
The more complex your business sale is, the more expedient it is for you to tap into the knowledge of an attorney who is well versed in mergers and acquisitions. An attorney can help with drafting and comprehending a letter of understanding — a document that summarizes the understanding and terms of the contract that you and the other party have verbalized but not yet captured in writing. In addition, your attorney can help you with the financial negotiations involved in your business transaction.
When it comes to mergers and acquisitions, it is critical that you understand the particular tax consequences of the sale of your business as well. You also may want to explore the impact of indemnification and disclosure provisions. This will ultimately help you to avoid unwanted future liability.
An attorney can draft for you a buy and sell agreement that addresses and anticipates future contingencies. The attorney can furthermore provide you with advice regarding how to tackle issues associated with non-solicitation and non-compete terms, as well as continuing management or consultant relationships. Another important part of the process of selling a business is resolving any outstanding obligations or conflicts. With an attorney’s help, you can confidently and competently navigate mergers and acquisitions in Massachusetts.