Legal Help when Buying or Selling a Business - Purchase Agreements, Franchise Law

Buying a Business

Nancy, I just had to thank you for everything you've done for me in the past few weeks. You are an efficient, thorough, and extremely professional attorney who actually understands and cares about deadlines. I'd have to say that what impressed me the most was your availability for me both Saturday afternoon and Sunday morning for last minute revisions before the big meeting! I've already given your name to a few people and plan to keep doing so. — Sue at Keller Williams Realty

Legal Advice When You Are Buying a Business

Philadelphia Business and Franchise Law Attorneys

Buying a business can entail a great deal of anxiety, as well as excitement. You are moving a step closer to your dream, but do you really have all the information you need to make an informed decision? Are there hidden problems that will only show themselves after the purchase?

Let the business lawyers at the Law Offices of Nancy L. Lanard, P.C., guide you through the process of buying a business, from the letter of intent to the closing statement. We have decades of experience helping entrepreneurs, prospective business owners, and established businesses achieve their business goals with the purchase of a company or a franchise.

We invite you to contact our Philadelphia law office to speak with one of our business attorneys.

Due Diligence Early in the Process Avoids Problems at a Later Time

Working with a business attorney early in the process of buying a business can help prevent costly mistakes and minimize risks. With a due diligence review of the business, we can provide clear, understandable information regarding the nature of the business you intend to purchase, it's assets and liabilities.

We seek detailed representations and warranties from the seller.
We review all of the company's contracts and leases, employee records and benefits, customer information, supplier agreements and other documents.
We conduct a lien search on the acquired assets.
We assist with the assignment of the commercial lease for the location and obtain the consent of the landlord. We can assist in renegotiating a lease.

Once you have chosen to buy the business, we can help negotiate the legal terms of the purchase contract and can draft your asset purchase agreement or stock purchase agreement. We also draft such documents as:

Letter of Intent
Opinion of counsel
Corporate resolutions, amended corporate bylaws and amended operating agreements
Escrow agreements, promissory notes and security agreements
Representations and warranties
Non-disclosure agreements for employees with sensitive information and non-compete agreements for key employees

We have more than 25 years of experience helping clients buy and sell businesses, including franchises. Our clients appreciate that we provide high-quality legal work and prompt, responsive service. If you plan on buying a business, contact one of our business attorneys at the Law Offices of Nancy L. Lanard, P.C., today.