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Sales & Dissolutions Archives

What exit strategies are important when selling a business?

Hard-working New Jersey business owners who are seeking to move on with their lives for one reason or another should be aware of the importance of comprehensive exit strategies. When pursuing the sale of a business, there are a multitude of factors that will be important. Understanding what must be considered and taking the proper steps is key with business sales. It can be difficult to make that transition from owner to seller and accept that someone else will be making the business decisions going forward. However, once the choice is made to move on, having a comprehensive plan is crucial.

Legal assistance is essential with business sales in New Jersey

When building a business in New Jersey, there are numerous issues to consider from the start. Those who are in the middle of making a business a success might never consider selling it, but as time passes and circumstances change, this is often a decision that business owners will make. There are legal matters that must be accounted for when selling a business and that is what a qualified attorney is for.

Why is filing a business dissolution important in New Jersey?

Sometimes, New Jersey business owners decide to close. But, they may make the mistake of failing to inform the state of their business dissolution. This is an important clerical maneuver because it will remove the company from the tax and public records.

Business purchases can be major transactions

When businesses in New Jersey begin to make plans to expand, they often consider the benefits and risks of purchasing another business. This type of acquisition can be fruitful for all parties involved, if undertaken carefully. The acquiring company will need to do its due diligence, making sure that the company that is targeted for acquisition has products, brand names and employees who will be of use.

What steps should you take in the dissolution of a business?

New Jersey residents start businesses to make a profit. However, not all businesses stay open for decades at a time. Sometimes, it becomes necessary to close a business down, also known as "dissolving" or "winding up" the business. This isn't always a bad thing, as in some cases it means that the inventory of the business has been sold and the business owner is all set to retire. Or, maybe it is because the assets and employees of the company will merge with another company in a business purchase.

Why worry about "due diligence" in business purchases?

Having the opportunity to explore the possibility of buying a business can be exciting for companies in New Jersey. When the conditions are right, businesses that are ready to expand might explore this possibility. However, when it comes to business purchases, there are certain steps that can be important, like going through the "due diligence" process.

Retaining culture and control can be key in business sales

The craft beer scene has taken off in recent years, with many small, privately-owned breweries experiencing great success. Many people in Moorestown who enjoy a locally-made port, stout or pale ale can attest that their favorite breweries offer products not found in larger commercial operations. However, the time may come when the founder of a craft brewery may consider selling to a larger company. They may wonder, is selling their company a wise business move, or are they simply "selling out?"

What are some common business exit strategies?

Building a business from the ground up is a dream for many Moorestown entrepreneurs. Whether it takes months or years to cultivate a thriving business, the day may come when a business owner wishes to sell his or her business and move on to other ventures. When that day comes, it is important to keep in mind the various exit strategies that may be an option for selling a business.

Even sellers in New Jersey can perform "due diligence"

The buying and selling of businesses in New Jersey is a common event, and something that keeps the state's economy running. However, business transactions, like potential mergers and acquisitions, should not be rushed through to ensure that the agreed upon sale price is fair.

Make your business an appealing choice for buyers: part 2

Small business owners looking to sell naturally want to do so for a fair price. Last week we discussed various ways a small business owner could make his or her business attractive to potential buyers. This included making sure there was an established mode of business in place, having and implementing accounting software as well as having field service software. Today we are going to discuss two more steps small business owners looking to sell may want to consider.

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