614.9445171
4200 Regent Street, Suite 200, Columbus, Ohio 43219
Buying or selling a business, or even a share of a business, is a complex transaction that requires sophisticated legal counsel. Whether it's time for one of your business partners to move on or you're buying or selling the entire business, we can help you get your money's worth, negotiate all the little details, and minimize the legal risks.
Are you getting everything you think you're supposed to get with the purchase? So many business assets are "intangible."
As a buyer, how do you minimize the risks you might be exposed to if the seller hasn't been entirely forthcoming about the business? As a seller, how do you make sure the buyer doesn't come back and blame you if they're not as successful as they had hoped? You've figured out the basic terms of the deal, but now the other side has presented an extensive purchase agreement with so many "little details" you had never even considered. How do you negotiate these details? Which ones really matter? You've worked hard to build your business. Are you really getting what the business is worth? Or, you're buying a business. Is it really worth the price the seller is asking? With so many people potentially involved (employees, vendors, attorneys, accountants, etc.), how you do ensure a smooth transition? |
Flat Fee Pricing
All fees and services described on this site are for information purposes only and are subject to change at any time. Until we have both a signed Engagement Agreement and your initial payment, the Firm reserves the right to quote you a new or different fee for services based on the unique legal needs of your business.
Payment Plans
Payment Plans are available for an additional premium of 15%. All payment plans require a credit card authorization and are billed monthly. Payment plans are not available for rush delivery projects. Anticipated expenses are due with your first payment.
Payment Plans
Payment Plans are available for an additional premium of 15%. All payment plans require a credit card authorization and are billed monthly. Payment plans are not available for rush delivery projects. Anticipated expenses are due with your first payment.
Business Purchase or Sale Representation
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Package: $7,500
Includes: Purchase Agreement, certain ancillary documents (Bill of Sale & Assignment, Escrow Agreement, Non-Disclosure / Non-Compete / Non-Solicitation Agreements, Personal Guarantee, Promissory Note, Security Agreement and UCC Financing Statement, Letter of Intent, and Service/Consulting Agreement), and third party negotiations/client consultations. Business formation, operating agreements / corporate bylaws, commercial leases, and employment agreements may also be necessary depending on your unique deal, and such services are additional. If the opposing party's attorney is preparing the initial draft of the documents: $5,850. Letter of Intent / Purchases Less than $150,000: $1,400
Capped at 7 hours of attorney time; additional time billed hourly and will require a retainer. 
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Business Purchase Agreement: $3,950
- Review & Advice: $2,125 (includes 1 round of attorney edits / redlines) Bill of Sale & Assignment Agreement: $100 Escrow Agreement: $200 Non-Disclosure / Non-Compete / Non-Solicitation Agreement: $525 Personal Guarantee: $275 Promissory Note: $450 Security Agreement: $400 Includes filing UCC Financing Statement Service / Management / Transition Agreements: $1,150 Agreement to Dissolve a Business / Partnership: $1,075
Buy-Sell / Membership Interest Transfer / Shareholder Agreements: $1,050 LLC Certificate of Dissolution: $200 +$50 Secretary of State Fee |
Traditional Hourly Rates
With so many third parties involved, business purchases and sales can be difficult to predict. Where flat fees don't make sense, the Firm works on the traditional retainer basis. For most business purchases/sales, the Firm requires a replenishing retainer of $4,000/$2,000. The Firm bills at the hourly rate of $275 per hour for all attorney time and $125 per hour for all paralegal/law clerk time. The Firm bills in tenths of an hour increments. The Firm may from time to time require a larger retainer or replenishment in anticipation of significant work that the Firm reasonably believes cannot be covered by the standard retainer amount.
