If you’re not growing in the business world then you’re not moving forward. This leads to a lot of buying and selling within the business sector. If you’re thinking of changing ownership or even business structure of a company you own, or you’re considering buying a business, then you need to discuss the details with an attorney.

Whether you’re adding a partner, dropping a partner, changing your business structure, or taking any other major action, Law Offices of Torrence L. Howell is the experienced business attorney you’ve been looking for. More than just a lawyer, Attorney Howell owns his own business and knows what it takes to keep one running. He knows how important the structure of the company is, and he knows how essential it is to detail them. If you want honest, accurate advice then you want to call us today at (909) 920-0908 to set up your free case evaluation.

Factors to consider when buying or selling a business

It’s true that businesses are bought, sold, and bought again every day. That may make some think that the sale of businesses is fairly straight forward. It isn’t. No matter the size or structure of a business, there are many factors that must be considered to ensure that everyone is safe from future lawsuits. When you hire Law Offices of Torrence L. Howell, he’ll make sure everything is clearly detailed and outlined, including:

• The purchase price of the business.
• What happens to any physical assets, including but not limited to, furniture, lists of customers, patents, and files.
• Non-compete clauses if applicable.

Whether you’re the buyer or the seller, whether the entire business is changing hands or just a portion of it, Law Offices of Torrence L. Howell can help with all elements of the sale of a business.

Buying out a partner may be more complicated than it seems

When a current owner wants to buy out one of the other owners, it’s essential that an attorney look over the deal. This is a common occurrence after a divorce but there are many reasons it happens. Most of the time, the procedures for buying out one partner are outlined in the partnership agreement that was originally created. However, it’s still wise to hire an attorney to make sure that those procedures are followed.

We can help you change the structure of your corporation

The way you choose to structure your business affects a lot of things, including how much you pay in taxes and how much protection you get in the event your business fails. What was a smart business structure when you started isn’t necessarily the best business structure ten years down the line – or even a year down the loan. If you want to reevaluation your business structure to ensure it’s still the best option, call us at (909) 920-0908.