When you buy or sell a small business, it is critical that the terms of the sale be put in writing. But small business owners can get into trouble buying or selling a business as much for what’s not in the contract as for what is. Leaving important items out of a contract, including hard and intangible assets and liabilities, can cause problems months after the sale goes through. Payment terms are... another critical aspect of a contract. When you buy or sell a business, make sure both parties know exactly what they are getting at the time of signing, as well as in the future.
If you're buying or selling a small business and what advice on preparing a your Purchase & Sale Agreement, give us a call at 253.858.5434 to make an appointment. We proudly serve clients throughout Washington and Idaho and are available to meet in person, by phone, or via Skype.