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? |
Business Purchase or Sale Representation
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Retainer: $3,000 / $1,500
Business purchases and sales can be difficult to predict because of the complexity of these transactions,. Some transactions involve multiple third parties, i.e. banks, vendors, or customers, whose approval may be required before the transaction can close. And because every deal is different, different ancillary documents are required--what documents should be prepared in one transaction may be completely unnecessary in another. Because of this, hourly billing is often more cost-effective for business purchase / sale / merger representation. 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. 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. |
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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.
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Purchase or Merger Agreement:
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Common Ancillary Documents:
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Purchase or Merger Agreement: $3,575
Includes unlimited review, edits/redlines, and negotiations. If the opposing party prepares the initial draft: $2,000 |
Bill of Sale & Assignment Agreement: $100
Escrow Agreement: $200 Guarantee: $275 Letter of Intent: $1,650 Non-Disclosure / Non-Compete / Non-Solicitation Agreement: $575 Promissory Note: $375 Security Agreement: $425 Includes filing UCC Financing Statement if necessary Service / Management / Transition Agreements: $1,050 Depending on the terms of the deal, your transaction may also require business formation services, corporate documents authorizing the transaction, or employment agreements. |
