Are you searching for a San Diego asset purchase attorney who can generate contracts and guide you through the process? The mergers and acquisitions lawyers at the Watkins Firm help to protect your interests, reduce inherent risks and ensure a smooth and effective asset purchase transaction
Expand Your Business Through an Asset Purchase
If you are looking for a strategy to expand your San Diego business an asset purchase could be an excellent strategy. You don’t have to buy an entire company or competitor, and you don’t have to take on unnecessary risk and liability in order to grow. Perhaps the answer lies in a piece of another company’s business. As corporations grow and markets change there may be a product line or an entire corporate division that is either no longer competitive or simply doesn’t fit into the long term corporate goals of the parent company.
What Can Be Purchased in a Business Asset Purchase?
What types of assets can be purchased in this form of business transaction and how can a San Diego asset purchase attorney at the Watkins Firm save you time and money while reducing risk?
Generally speaking, almost any business asset can be acquired in an asset purchase transaction. You may acquire the equipment, intellectual property, vehicles, machinery, facilities, operations, inventory, real estate or even customers you need without assuming the underlying liabilities associated with purchasing seller’s business.
How Can A San Diego Asset Purchase Attorney Reduce Your Risk and Save Money on the Transaction?
How can a Watkins Firm San Diego asset purchase attorney help to reduce your risks in this transaction while actually saving money? The keys to any asset purchase are due diligence and an effective transactional contract. An asset purchase contract must establish many specifics about the assets to be acquired, their condition, unique identifiers (such as serial numbers) as well as their ability to be purchased. If another lender has an encumbrance or secured interest in the property you intend to acquire you’d like to know before handing the seller your money wouldn’t you?
There are other contingent risks associated with an asset purchase, especially if you are acquiring a substantial portion of or all of the assets of another company. Creditors can allege wrongdoing and tie up you and your target assets for a long period of time resulting in extensive and expensive litigation.
The due diligence of the Watkins Firm ensures the asset(s) are free of encumbrance and that the owner has genuine title and ability to sell. We have a proven library of successful asset purchase contracts developed over more than four decades. You don’t have to try to save money downloading a form or risking your business on hand crafted contracts.
We will custom tailor a proven agreement to the specifics at hand in a cost-effective and timely manner. This provides assurance that your asset purchase will be successful while precluding almost every aspect of risk associated with an asset purchase transaction. asset purchases can be easier to accomplish – especially if there is a minority interest that is blocking the sale of a company. It takes business savvy and expert legal advice and contract structuring to accomplish an asset purchase. If you are interested in learning more, or are considering an asset or stock purchase we invite you to review our podcast, Episode 13 – Mergers and Acquisitions, the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today. Watkins Firm attorneys have assisted with thousands of asset and stock purchases over the decades we have served the San Diego and Southern California business community. We can help you to avoid the risks, acquire needed assets and implement successful strategies to grow your business.
