Legal Issues in Buying and Selling a Business

Location: The Business Brokers, Inc., 3050 SE Enterprise Drive, Suite B, Grimes, Iowa


BrownWinick attorneys, Chris Sackett and Joe Leo, were guest speakers on Monday, December 8, 2014 at The Business Brokers, Inc. Chris and Joe spoke to the group on "Legal Issues in Buying and Selling a Business."

Items discussed include:

  • Structuring and securing earn-out payments
  • Properly documenting the due diligence process
  • Preparing schedules to support the representations and warranties in the transaction
  • Negotiating indemnification rights
  • Approval rights of shareholders/members and buy-sell agreements
  • Lien and lawsuit searches
  • Tax structure for the transaction, including allocating the purchase price between depreciable and non-depreciable assets