Colorado Buying and Selling a Business Attorneys
Trusted Counsel for Smooth Business Transitions
Buying or selling a business in Colorado involves complex legal, financial, and strategic considerations. At Robinson & Henry, our experienced business representation attorneys provide clear guidance at every stage of the transaction. Whether you are acquiring a company or preparing to sell, we assist with due diligence, asset sales, contract drafting and negotiation, and comprehensive closing documentation. We craft tailored legal solutions that protect your investments, minimize liability, and ensure your long-term success.
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FAQs
Typically, you pay a broker a commission when you sell your business. However, some agreements ask you to pay the broker a commission even if the sale doesn’t go through. To avoid this, negotiate paying only when the sale is final or ask for a “walkaway fee” to avoid paying a commission on a sale that isn’t going to go through.
Seller financing (or seller carry) is when a business seller provides the buyer with a loan. It can attract more buyers, increase the sale price, and provide the seller with interest. However, there’s always a risk the buyer could default on the loan, leaving the seller with limited recovery options.
An LOI is a basic agreement about a potential business deal. It serves as a starting point for negotiations and can help both parties avoid wasting time on deals that won’t materialize. However, there are some aspects of an LOI that are legally binding. A business representation attorney can help you interpret an LOI, deciphering the language to ensure your interests are protected.
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