Buying a Business In New York or New Jersey

Buying a business in New York or New Jersey is an exciting opportunity.  There are many reasons why buying an existing business in New York or New Jersey might be preferable to starting a new business, such as reduced start-up costs and time, acquiring an existing customer base, and pre-existing knowledge of how the business performs.

But getting the deal closed can feel like a daunting task.  How the purchase is structured (stock purchase, an asset purchase or, or a merger) can have significant consequences from both a tax and liability perspective.

So, if you are considering buying a business in New York or New Jersey, you should enlist the services of experienced professionals to guide you through the process including a tax accountant, insurance broker, and, most importantly, an experienced business attorney like Russo Law LLC.

Should I Hire a Lawyer to Buy a Business?

Russo Law LLC is pleased to offer the following services to help you purchase a small business or medium-sized business in New York or New Jersey without breaking the bank.

Whether you are acquiring an e-commerce, brick-and-mortar, franchise, or a consulting business, Russo Law LLC is pleased to offer the following services to help you purchase a small business or medium-sized business New York or New Jersey without breaking the bank:

  • Negotiating and drafting a non-disclosure agreement so the parties can comfortably participate in due diligence.
  • Negotiating and drafting a term sheet or a letter of intent.
  • Assisting in due diligence as you work to determine the purchase price.
  • Negotiating and drafting all contracts needed to close the deal including:
    • Stock Purchase Agreements
    • Asset Purchase Agreements
    • Purchase and Sale Agreements
    • Assignment and Assumption Agreements (typically if a lease of real property is being assigned)
    • Restrictive Covenants (non-competes, non-solicitation, non-circumvention)
    • Promissory Notes, Guaranties, Security Agreements (if you will be financing some of the purchase price through the seller)
    • Bills of Sale
    • Corporate Resolutions/Written Consents Approving the Purchase
    • Bulk Sale Documentation in New York or New Jersey
  • Choosing a corporate structure best suits the needs of the small business (s-Corp, c-Corp, limited liability company, partnerships, etc.) to receive the assets from an asset purchase.
  • Negotiating and drafting agreements between the owners of the new business that lay out how the new business will be managed and how disputes will be resolved (bylaws, partnership agreements, or operating agreements)

Representative Matters

  • Purchaser in stock purchase of pyrotechnic company in New Jersey
  • Purchaser in stock purchase of pyrotechnic company in New Jersey
  • Purchaser in acquisition of interests in a fruit delivery franchise in Central New Jersey
  • Purchaser in acquisition of co-owner’s interests in a student housing business in Hudson County, New Jersey
  • Purchaser in connection with the sale of a restaurant
  • Purchaser in acquisition of membership interests in a moving company in New York
New York New Jersey business law letter of intent term sheet due diligence stock purchase agreement bulk sales

Contact Russo Law LLC Today

Call 929-262-1101 or schedule a free consultation with Russo Law today to discuss buying a business in New York or New Jersey.