Buying and selling a business involves no small amount of legal wrangling -- and like it or not, legally uninformed buyers and sellers often wind up holding the short end of the stick. In this section, we talk about some of the essential legal issues that are part of successfully transferring a small business.
- Hold Harmless Agreements When Buying a Business - Don't forget to get a Hold Harmless agreement from the seller when you buy an existing business. It will protect you against nasty surprises that can ruin your entrepreneurial adventure.
- Transfer of Ownership - Entrepreneurs who are just starting out in the business world should be really particular about issues of transfer of ownership as a result of transactions and the subsequent shifting of the risk of loss from the seller to the buyer. Knowing the legality behind these issues is important is business situations that involve damaged or lost merchandise.
- Selling a Corporation: Your Legal Options - Planning to sell your incorporated small business? Before you seal the deal, you'll need to identify the most effective and profitable way to legally transfer your corporation to a new owner.
- Legally Dissolving a Business - Sooner or later, every business comes to an end. When that day arrives, it's comforting to know you have the information you need to legally dissolve your business.