Whether it follows a letter of intent or stands alone, the real function of a purchase and sale agreement is to govern the due diligence process from the signing of the agreement to closing. While some very important provisions survive to close, such as certain representations and warranties, most terms of these contracts are merged into the closing documents with the help of a Georgia purchase and sale agreement lawyer.
In the purchase and sale of a business, the first consideration is whether the sale will be a stock sale or an asset sale. Each one has very different liabilities and tax consequences. This process involves close coordination between your business attorney and a tax professional.
Many of these transactions take place between well-intending business owners without the involvement of an attorney, but there are so many legal and tax considerations that go unaddressed in these situations.
Our firm can provide different levels of service in these transactions:
If you are handling a transaction with another business owner, you should consider contacting a Georgia purchase and sale agreement lawyer.