{"id":11805,"date":"2023-03-23T08:45:00","date_gmt":"2023-03-23T08:45:00","guid":{"rendered":"https:\/\/juradolawfirm.com\/?p=11805"},"modified":"2023-02-22T15:31:32","modified_gmt":"2023-02-22T15:31:32","slug":"buying-a-business-in-florida-agreement","status":"publish","type":"post","link":"https:\/\/juradolawfirm.com\/buying-a-business-in-florida-agreement\/","title":{"rendered":"Buying a Business in Florida Agreement"},"content":{"rendered":"\n
Purchasing an existing business<\/a> offers advantages that are not available for those forming a company from scratch. For example, skipping the start-up phase and cutting formation-related expenses allows entrepreneurs to focus on expanding the existing business operation<\/a>.\u00a0<\/p>\n\n\n\n In this article, you will find the essentials of business purchase agreements in Florida. <\/p>\n\n\n\n Buying an existing company in Florida is not as simple as shaking hands with the seller and closing the business. From the initial offer stage to signing the closing papers, each step requires the utmost attention to detail. <\/p>\n\n\n\n The first step to purchasing a company is to find a business owner<\/a> seeking a profitable deal. When the right buyer finds a proper seller, the next step is to negotiate the terms and conditions of the sale.\u00a0<\/p>\n\n\n\n The guidance of an expert business purchase attorney<\/a> is crucial to conduct an efficient negotiation and ensuring each party is fully aware of the contractual duties and obligations. Additionally, a legal advisor may help the buyer to prepare a Letter of Intent (LOI).\u00a0<\/p>\n\n\n\n An LOI anticipates the key terms that will be present in the business purchase agreement, including indemnity clauses, restrictive covenants (e.g., non-compete agreement), and other terms. <\/p>\n\n\n\n No matter how well-intentioned a business seller might be, the buyer must proceed in-depth research into the company’s financial and organizational history. The due diligence process cannot be taken for granted, as it will determine the viability of the transaction. <\/p>\n\n\n\n One of the elementary factors involved in this process is to identify whether the business price is valued correctly and the existence of any liabilities that may arise from the transaction. Part of the essential documents required in this process include: <\/p>\n\n\n\n Depending on the company’s segment and professional activities, Florida law may require the acquisition of specific licenses and permits. <\/p>\n\n\n\n In some cases, it may be necessary to apply for licensing at the local, state, or federal levels. It is crucial to ensure a business already has the required licenses and permits to operate legally before signing the purchase agreement. <\/p>\n\n\n\n If not, an experienced legal advisor can help you identify whether purchasing the business is worth the time and expenses involved in the process. <\/p>\n\n\n\n Closing a business purchase is not as simple as it may sound. At the final stage, it is important to rely on a legal advisor to oversee the process and guarantee full compliance from both parties involved. <\/p>\n\n\n\n The buyer generally makes a deposit in an escrow account. A reliable attorney may also assist in this sense. Before signing the purchase agreement, it is crucial to review all the relevant documents and identify uncertain points that may turn into liability in the future. <\/p>\n\n\n\n A well-versed legal advisor in business & asset acquisitions<\/a>, Attorney Romy B. Jurado<\/a> willingly wants to help you succeed. Contact us today by calling (305) 921-0976<\/a> or emailing Romy@juradolawfirm.com<\/a> to schedule a consultation.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" Purchasing an existing business offers advantages that are not available for those forming a…<\/p>\n","protected":false},"author":1,"featured_media":11810,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"Click here to find out the essentials of buying a business in Florida agreement. Furthermore, contact Attorney Romy B. 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The Initial Offer Stage <\/h3>\n\n\n\n
Conducting Due Diligence <\/h3>\n\n\n\n
\n
Licenses & Permits <\/h3>\n\n\n\n
Handling the Closing Process <\/h3>\n\n\n\n
Are You Interested in Buying a Business in Florida? – Immediately Seek Expert Legal Guidance <\/h2>\n\n\n\n