Purchasing a business can unfold in several different ways. In general, some forms favor the seller, others the buyer, and in most business entity purchases and sales each party generally wants to pursue the method that most favors them.
Sellers often prefer to sell stock or LLC membership interest. Most of the tax advantageous in such a process will favor the seller. Buyers generally prefer to purchase assets. This is often advisable to help the buyers avoid any “skeletons” or legal baggage.
We have represented both buyers and sellers in business entity purchase and sales.
Please contact us for more information.