If you are buying or selling a San Diego business you should work with the attorneys at the Watkins Firm who have almost four decades of experience in all aspects of mergers and acquisitions, as well as the sale of a business. These transactions are legally quite complex, and there are several issues to consider, discuss and negotiate.
Important Elements When Buying or Selling a San Diego Business
Valuation is a critical element when buying or selling a business. There are several methods for establishing the value of a company, and sellers are required to provide transparent and honest representations regarding the past performance of the company.
Customers are an excellent source of information. You can interview a customer or two and learn a lot about the company you are acquiring. This must be done delicately, however the information provided can provide keen insight into corporate performance as well as present and future viability.
Due diligence should include a thorough examination of the company’s books, as well as tax returns and bank records. Our clients want a legal team who aggressively protect their interests, while respecting and fostering a positive and productive working atmosphere when a deal is being negotiated.
Buying or selling a business in San Diego also requires transition planning. How will the current owner(s) work to ensure that a smooth transition takes place, preserving existing goodwill. How will contingent liabilities be addressed, and what portion of the sale proceeds will be held in escrow to offset unexpected liabilities or differentials between projected revenues and actual sales? When does the liability for the seller cease?
Four Decades of Proven Success in Mergers and Acquisitions
The Watkins Firm has four decades of proven success in mergers and acquisitions here in San Diego and Southern California. Our Firm and its attorneys provides sound counsel to our clients (buyers or sellers) to support their efforts and protect their interests in these legally and financially complex transactions.
If you are buying or selling a business in San Diego we invite you to review the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today. Ask about our extensive, proven checklists and processes which have guided thousands of these transactions in the past. We will work with you to develop a strong strategy that will guide the transaction smoothly through the process of due diligence to a successful close.
