Practice Sales

Practice Areas

Whether you are buying or selling a practice, there are important legal issues to consider. This starts with the negotiation of the agreement, followed by constructing an understandable, legal, and enforceable contract. Critical issues often involved include:

  • Should the contract be a sale of assets or a purchase of the business entity?
  • Should the purchase include accounts receivables?
  • Can there be an enforceable non-compete provision following the closing?
  • How should the purchase price be allocated, and what are the tax effects?
  • How will the buyer finance the transaction?
  • What sort of due diligence is required, and how long will it take?
  • How soon can the contract be completed?

We can help with these and the myriad of other issues which arise with professional practice sales.

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