{"id":3427,"date":"2021-04-09T09:00:51","date_gmt":"2021-04-09T13:00:51","guid":{"rendered":"https:\/\/romyjurado.com\/?p=3427"},"modified":"2023-01-30T04:04:40","modified_gmt":"2023-01-30T09:04:40","slug":"the-proper-procedures-in-buying-an-existing-business-in-florida","status":"publish","type":"post","link":"https:\/\/romyjurado.com\/the-proper-procedures-in-buying-an-existing-business-in-florida\/","title":{"rendered":"The Proper Procedures in Buying an Existing Business in Florida"},"content":{"rendered":"

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When you are planning on\u00a0<\/span>buying an existing business<\/i><\/b><\/a>\u00a0somewhere in Florida<\/a>, I can help you review and analyze the company and create a draft for proper documentation to complete the transaction. As a lawyer licensed in Florida, I can help you in this area. I will examine the deal concerning the membership interest, the responsibilities associated with the agreement including contracts, the rights of shareholders<\/a>, and some other potential risks that may come your way to avoid legal problems.\u00a0<\/span><\/p>\n

What is the proper procedure for\u00a0<\/b>buying an existing business\u00a0<\/i><\/b>in Florida?<\/b><\/span><\/h2>\n

Below are the stages that you will go through when you buy a business in Florida and my recommendations:<\/span><\/p>\n

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  1. Initial stage<\/i><\/b>. First, I will draft, review, and even negotiate the Asset Purchase Agreement on your behalf. This agreement covers the numerous agreement schedules, the covenant not-to-compete, indemnification clause, and terms of sale. At this point, you will be asked to pay for an escrow deposit. You may get the deposit back if you changed your mind and have decided to cancel the transaction before proceeding to the next stage.\u00a0<\/span><\/li>\n<\/ol>\n
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    1. Due Diligence Stage<\/i><\/b>. <\/b>I will review the legal data which is essential in placing an appropriate value for the deal and liabilities together with a CPA. At this stage, you will be signing an Assignment of Lease Agreement<\/a>. Both you and the seller including the landlord are required to sign in this agreement.<\/span><\/li>\n<\/ol>\n
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      1. Closing Stage<\/i><\/b>. I will help you prepare, discuss, and do negotiations on the following documents to close the deal successfully:<\/span><\/li>\n<\/ol>\n