Business Attorney for Buying or Selling a Business

Business lawyer costs vary based on the scope, complexity, and urgency of the matter. Golm Law Firm offers a 30-minute consultation for $150 and a 60-minute consultation with document review for $350. Certain transactional matters may be handled on a flat-fee basis when appropriate, while litigation-related matters are billed hourly at $475 per hour.

A business attorney helps protect you before documents are signed, money changes hands, or obligations become binding. For buying or selling a business, an attorney can review purchase agreements, identify liabilities, negotiate terms, structure closing documents, and advise on compliance issues. This guidance can prevent costly disputes and clarify your rights throughout the transaction.

A business purchase agreement should clearly address assets being sold, purchase price, payment terms, representations, warranties, closing conditions, restrictive covenants, assumed liabilities, and default remedies. It should also identify required third-party consents, leases, licenses, financing contingencies, and due diligence deadlines. Careful drafting helps reduce ambiguity and protects both sides if problems arise.

Ideally, you should contact a business attorney before signing a letter of intent, purchase agreement, asset sale agreement, or membership interest transfer. Early review allows the attorney to flag unfavorable terms, preserve negotiation leverage, and structure the transaction correctly. Waiting until closing may limit your ability to correct problems or renegotiate risk allocation.

Due diligence helps a buyer understand exactly what is being acquired and what risks may come with the purchase. This can include reviewing contracts, leases, corporate records, debts, licenses, employee matters, liens, regulatory obligations, and pending disputes. Legal due diligence supports informed negotiations and helps determine whether special closing protections are needed.

Yes. Golm Law Firm provides contract review and contract negotiation services for business matters. An attorney can evaluate proposed terms, explain legal risk, recommend revisions, and help align the agreement with your goals. This is especially important when contracts involve purchase price adjustments, seller financing, non-compete provisions, indemnities, or post-closing obligations.

Business sales are often structured as either asset sales or equity sales, such as stock or membership interest transfers. Each structure affects liability, contracts, taxes, licenses, and closing requirements differently. Your attorney can help coordinate the legal documents and identify questions to discuss with your tax advisor or financial professional before finalizing the deal.

A first consultation usually focuses on your goals, transaction stage, key documents, timeline, and known concerns. For document-heavy matters, the 60-minute consultation includes document review before the meeting. You can expect practical feedback on legal risks, recommended next steps, and whether flat-fee project work or additional representation may be appropriate.