Buying Or Selling A Business

Family-Owned Businesses

Buying and selling family-owned businesses can involve complex issues. When the time comes to sell, you need to be aware of all the legal issues that may affect your family. For instance, certain contractual terms may terminate family members' continued employment. In addition, your name and likeness may not be protected under your buy-sell agreement, making it impossible for you to use them again down the road.

Effective Buy-Sell Agreements

Our attorneys understand the importance of effective buy-sell agreements. A carefully drafted contract can help both the buyer and seller understand and clearly document their purchase agreement on a variety of issues.

For the buyer, it can help ensure that they are getting what they expect. For the seller, in addition to ensuring they get paid, a buy-sell agreement can help them understand future legal obligations. These can include:

Anticipating Issues

Our legal team possesses sophisticated business transaction knowledge. We can review your current buy-sell agreement or help you prepare one from scratch. We can help you anticipate short-term and long-term issues so that you are better prepared to solve them.

Conducting Business Successfully

Tekell & Tekell, L.L.P., has been helping Waco area business leaders and individuals with transactions for more than 30 years. Our lawyers understand Texas' complex state, property and franchise taxes. We can help ensure that your buy-sell agreement, whether you are buying or selling, provides appropriate tax terms to help minimize your tax liability and consequences.