Our Maryland business lawyers represent clients who are buying or selling their businesses or professional practices such as dentists’ or physician’s offices, buying or selling a franchise, or forming a new ‘partnership.’ Buying or selling a business could have significant financial consequences long after the Closing. If a contract is not properly negotiated, buyers may find years after the transaction that they are liable for claims and damages that occurred well prior to purchasing the business (when it was operated by the previous business owner). Likewise, sellers may find that they are responsible for certain liabilities or suffer damages after the Closing if the agreement is not properly negotiated on their behalf, particularly if the seller is financing a part or all of the purchase price or has propriety information that has to be disclosed prior to the Closing. You should retain an attorney that is experienced in buying and selling businesses and professional practices if you are contemplating such a transaction.
While you should be excited about starting a new enterprise, you should take the appropriate steps to minimize any potential damage to your personal assets and wealth. Maryland lawyers will represent you in buying or selling your business from negotiation through the Closing. We also represent clients in formation of various business entities such as corporations, limited liability companies (LLCs), limited liability partnerships (LLPs), etc. We will assist you to prepare for various business contingencies through the use of shareholder agreements, operating agreements, partnership agreements, etc.
If you are in the midst of a business dispute, our trial lawyers can represent you aggressively and competently in commercial litigation to effectively assert your rights and/or defenses. Call us for an appointment if you intend to sell your business, buy a business, start up a new business, form a new business entity, or have a business dispute in Maryland or Washington DC.