PURCHASES AND SALES OF BUSINESSES
Purchasing or selling a business is a common process in the business world and can often prove beneficial for both parties in one way or another. Whether you are buying an existing business or selling your own, it’s important to make the right decisions so as not to leave yourself open to potential liabilities. With the assistance of a qualified attorney at Hopkins Centrich, you can ensure the process is done efficiently and comprehensively.
Purchase and sale transactions are generally either “stock purchases” or “asset purchases” depending on the goals of the buyer and risks associated with the business. Generally, in an asset purchase a buyer buys specific business assets (intellectual property, manufacturing facilities, vehicles, real estate, etc.) as opposed to the business itself. In this way, a purchaser can reduce its potential liability from things the business did prior to purchase. A stock purchase, on the other hand, involves a purchaser buying the equity in the business, resulting in all the underlying assets, as well as liabilities, transferring to the purchaser.
Joseph Centrich has experience dealing with the purchase and sale of businesses, representing both the acquiring and the acquired company. If you are in the Woodlands, Conroe or the Houston area and need to discuss a potential merger or acquisition, contact Hopkins Centrich to speak personally with a business law attorney.