Tips For Buying And Selling A Business

If you are buying or selling a business, the steps you take during this crucial transaction will have a lasting impact. With skilled legal guidance, you can ensure that your paperwork is sound and the documents governing the sale truly advance your interests. Without proper guidance, however, you could lose money while exposing yourself to future lawsuits and other costly liabilities.

Attorney Bryan P. Murphy has 30 years of experience helping clients buy and sell businesses in Portland and throughout surrounding Oregon communities. He will work with you personally to guide you through all aspects of this transaction and protect your interests along the way.

Steps To Take When Buying A Business

When buying, learn as much about the business as you can. Research the business's cash flow statements, balance sheets, employment contracts, leases and other important financial records. Look into the business's current suppliers and customers to ascertain whether or not you will be able to maintain those relationships. Analyze past performance and the current market conditions to forecast future profitability.

This is a complex, research-intensive task, but you don't have to do it yourself. An experienced business law attorney can conduct due diligence on a business you are interested in purchasing, helping you learn about potential profitability while uncovering hidden risks.

Things To Know About Selling A Business

If you are selling, you want to get the highest price a buyer is willing to pay. In order to do this, you need an accurate picture of your business's value based on current market conditions and forecasted profitability. This requires an extensive inventory of your earnings, assets and potential for growth.

It is important to get your books in order. Make sure that your financial records accurately tell the story potential buyers are interested in hearing.

If you, as the owner, play an integral role in the business's day-to-day operations, you must convince buyers the business will remain sustainable without you. If a buyer has to restaff the business's management team, for instance, it may result in a lower sale price. If the business can continue without losing a step, however, buyers will generally be willing to pay more.

Buy Or Sell With Confidence

Every business is different, and every transaction is governed by a unique set of circumstances. For on-point counsel in the purchase or sale of a business in Oregon, contact business lawyer Bryan P. Murphy online or by telephone at 503-505-7954.

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Portland Business Lawyer

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Bryan P. Murphy, P.C.
220 NW Eighth Avenue
Portland, OR 97209

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Phone: 503-505-7954
Phone: 503-505-7954
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