{"id":9904,"date":"2022-05-10T08:45:00","date_gmt":"2022-05-10T08:45:00","guid":{"rendered":"https:\/\/juradolawfirm.com\/?p=9904"},"modified":"2022-05-10T14:02:34","modified_gmt":"2022-05-10T14:02:34","slug":"hire-an-attorney-to-buy-a-business-in-florida","status":"publish","type":"post","link":"https:\/\/juradolawfirm.com\/hire-an-attorney-to-buy-a-business-in-florida\/","title":{"rendered":"How to Hire an Attorney to Buy a Business in Florida"},"content":{"rendered":"\n

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Buying an existing business in Florida<\/a> requires a strategic approach. To help you attain your goal, an attorney will provide expert legal counseling and protect your interests to ensure a fair deal. Keep reading to find out how to hire an attorney to buy a business in Florida.<\/p>\n\n\n\n

How to Hire an Attorney to Buy a Business in Florida – In-Depth<\/h2>\n\n\n\n

Understanding the Seller’s Mindset <\/h3>\n\n\n\n

The first step involved in buying an existing business is identifying an interesting business offer. An expert attorney may help clients by searching for offers using the seller’s viewpoint to filter the best opportunities.<\/p>\n\n\n\n

When selling a business, the company’s owner will define a goal and structure an exit strategy. Depending on the company’s size and structure, the exit strategy will affect the price paid by the buyer.<\/p>\n\n\n\n

An attorney will help buyers to understand the range of value involved in a business purchase. If the business seller and prospective buyers have colossal differences in terms of value expectations, it is impossible to get a mutually beneficial purchase price.<\/p>\n\n\n\n

In most cases, buyers tend to look for businesses with a positive cash flow (either current or potential), customer diversity, and potential for long-term growth.<\/p>\n\n\n\n

Proceeding with the Business Purchase <\/h3>\n\n\n\n

After working with an attorney to understand the seller’s viewpoint and the motivations that led to the business sale, it is time to select the most interesting offer. Upon finding the right company, the attorney will help buyers to value the business.<\/p>\n\n\n\n

Valuing a business<\/a> requires a strategic approach, as it may involve the assistance of different professionals (e.g., appraisers, CPAs, etc.). During this process, the legal advisor will help research the company’s liabilities, assets, and equity.<\/p>\n\n\n\n

Once the buyer decides to move forward with the acquisition, the negotiation process begins. The attorney will serve as a valuable partner throughout the negotiation, using legal knowledge and real-world experience to protect the buyer’s interests. <\/p>\n\n\n\n

If the parties agree to the terms and price, the buyer must submit a letter of intent (LOI). Although this document is not a purchase agreement<\/a>, it will outline the terms previously negotiated with a statement confirming the intent to acquire the company.<\/p>\n\n\n\n

After submitting the LOI, the buyer must work with the attorney to complete due diligence, which includes reviewing:<\/p>\n\n\n\n