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Business Transactions

Purchase and sales of businesses involve a need for experience and expertise that cuts across many areas of the law including real estate, taxation, debtor-creditor, and of course contract law.  Andy has substantial experience in these areas, including those businesses engaged in buying or selling an alcoholic beverage license in New Jersey.

Due diligence as a seller or buyer is essential in such transactions.  Coordination with your attorney and accountant will avoid problems that could become apparent only after the sale is complete.  The typical business contract of sale must address not only the financial terms but also right of the buyer to do its own investigation into the business and the assets intended to be conveyed.  By way of example, notice to New Jersey’s Bulk Sale Section of the Division of Taxation is required of all buyers to preclude the buyer’s liability for the seller’s NJ taxes after Closing!