A key milestone for many entrepreneurs is acquiring the valuable assets, shares, real estate, and other resources of another business. Not only does this mark a significant achievement in terms of growth, but it could also give your business the vital infusion of funds it needs to prosper and expand.
Given the critical nature of such acquisitions, they should be governed by an Asset Purchase Agreement (APA), which will facilitate such a complex and valuable transaction while protecting your interests. A document of this much importance should be drafted by someone with both a keen legal eye and an understanding of business. Fortunately, Jurado & Associates, P.A. offer the best of both worlds, with experienced Business Attorneys who know both the legal and entrepreneurial side of the business world.
Why Asset Purchase Agreements Should Be Left to the Experts
As a business owner, you no doubt have cost-savings on your mind. So, it is fair to ask why you should hire an attorney rather than use one of the many cheap and seemingly suitable templates available online.
Like any good investment, a Business Attorney will better ensure a smooth, safe, and profitable acquisition in a way that a generic Internet form cannot. Here are some of the benefits of working with experienced APA specialists like Jurado & Associates:
- Looking out for your best interests. Well before the deal commences, our attorney will make sure it is in your best interests by conducting extensive due diligence of the other side of the transaction. This includes carefully reviewing the books and records of the last five years, interviewing partners and customers, confirming if the business is current on taxes, and checking if there are litigations against the business or the seller. Due diligence will also sniff out potential waste and fraud, such as the other party using a shell company to satisfy their alleged commitments under the APA. You can never be too careful when it comes to protecting your business.
- Taking into account almost every element and condition. Acquiring assets can be highly complex and technical, requiring lots of moving parts and small details. An effective APA takes into account nearly all aspects of the transaction—including foreseeable events and contingences—making them as clear as possible to both parties: conditions precedent that must be resolved before the transaction can be completed; a “long stop date” in the event the transaction is delayed; and a dispute resolution system to ease potential conflicts and help prevent the whole deal from going south.
- Helping ensure everything is as smooth as possible. From reviewing the paperwork, to negotiating on your behalf, your Jurado & Associates Business Attorney will do everything possible to look out for you through the transaction. An APA is only as good as the attorney who drafts it, which is why we employ experienced and knowledgeable attorneys who understand both the law and their clients.
Hire Tried and True Business Attorneys
Purchasing assets and commodities is one of the biggest decisions you can make for your business. That is why you need knowledgeable and trustworthy legal advocates by your side to make sure things go smoothly and your business is protected. Jurado & Associates has proven experience reviewing, negotiating, drafting Asset Purchase Agreements, helping ensure that clients can acquire what their business needs with as little risk and waste as possible. To learn about our APA and numerous other business services, call Jurado & Associates, P.A. at (305) 921-0976 or email firstname.lastname@example.org.