Berks County Business Transfer Attorneys

Why Transfer a Business?

You may have spent years and countless hours building your business. But things have changed because

• the business is no longer fulfilling;
• it’s time to transfer ownership of the family business over to the younger generation; or
• lastly, you want to retire to pursue new opportunities.

Many business owners want to see their businesses outlast them as a legacy. When it’s time to close their doors, they don’t want to lose all of their work forever.  A Business Transfer transfers business ownership, but the business name stays intact.

Considerations in a Business Transfer in Pennsylvania

Consulting with our Business Transfer Attorneys is essential. That’s because Business Transfers are not as straightforward as merely signing a contract. It would be best if you considered many factors, including

• if you want to lease, sell outright, sell gradually or bequeath your business to someone else;
• how the transfer happens depends upon whether your business is a sole proprietorship, partnership, corporation;
• the value and debts involved in your business;
• tax obligations;
• the effect of a business transfer on your finances and tax burden;
• trademarks, patents, or intellectual property you may have acquired as part of the business;
• what the ownership transfer will and will not include; and
• lastly, whether the new owners can make fundamental changes to the business.

Family Businesses

Transferring ownership of your company to a son, daughter, or another family member may involve State or inheritance laws. Family disagreements about the transfer of ownership may require additional negotiations. The emotions and non-tangibles related to family business transfers make legal advice crucial.

What Our Business Transfer Attorneys Can Do For You

Our Business Transfer Attorneys will

• advise you on the best ways to proceed;
• guide you through the process;
• evaluate tangible and intangible assets, including Goodwill;
• help you file the correct paperwork; and
• for large incorporated businesses, will help you avoid liability and losses by ensuring all parties involved in the transfer are satisfied with the results.

You Won’t Find More Proven and Experienced Business Transfer Attorneys in Reading, Berks County, and Pennsylvania

Our Business Transfer Attorneys have 40+ years of experience assisting small businesses and corporations in Berks County as well as international organizations with transfer ownership. We understand the issues that affect you and your company because we are small business owners. If you need a Business Transfer or Corporation Transfer Attorney in Reading, Berks County, or anywhere in Pennsylvania, Contact Us Online or call 610-670-9000 today.

Miller Law Group’s Berks County Law Offices are in West Lawn, PA, near Reading.