Selling a Business

After years of building up your business, the time has come to sell. Maybe you have an interested buyer… maybe not. Still, you need a lawyer to help you seal the deal.

If you are looking for an experienced and knowledgeable lawyer who understands the ins and outs of NJ business, someone you can count on to handle the details of closing your sale in an efficient and cost effective manner, then Hanlon Niemann & Wright is the firm for you.

Our firm works with businessmen and women throughout the state of NJ in the real world of NJ business.

We not only know the laws about selling a business, we’re practical and proactive with advice, solutions and recommendations on how to make your business sale a seamless and transparent process with the goal of bringing about a successful closing. We work so that our client’s interests are protected, that the representations and warranties provided in the documents are appropriate, that the transaction proceeds smoothly and quickly, and that any excluded assets are protected.

We draft the documents that you will need for closing the sale and we also attend the settlement and issue a closing statement after it has been completed.

TESTIMONIAL
I consulted with Mr. Niemann following a recommendation from an associate in Brick, New Jersey. I was told that Mr. Niemann would be an excellent person to discuss an investment opportunity which was represented to me as very profitable. Mr. Niemann met with me promptly and reviewed the information which was given by the promoter. After having considered the promotional information, Mr. Niemann cautioned me against the investment. He requested a four-way conference be set up so that he could meet face to face, eye to eye with the promoter of this opportunity. After several hours of intense questioning and discussion, Mr. Niemann courteously and professionally concluded the meeting, whereupon he immediately told me not to invest a single penny into this scam as I would lose my investment. At the time, I was looking to invest several hundred thousand dollars. Thank God I listened to Mr. Niemann.

Since our meeting, I have learned that the deal was, in fact, a scam and that I would have lost my entire investment. The straight talking highly investigative nature of Mr. Niemann’s questioning and insight coupled with his significant past business experience was of invaluable help to me.
Scott Buongiovanni Freehold, New Jersey

The Sale of Your New Jersey Business or Franchise Requires our Experience!

Hanlon Niemann & Wright will lead you through the entire process of selling your business, from the letter of intent, due diligence investigation, seller financing right through to the closing statement.

Fredrick P. Niemann, Esq. and his legal team will guide you step by step. Once you have secured a buyer, our lawyers can help you negotiate the terms of the agreement. We will draft the purchase agreement whether it is a Stock Purchase Agreement or Asset Purchase Agreement.

We can also draft such necessary documents as:

  • Letter of Intent
  • Opinion of counsel
  • Promissory note
  • Appropriate representations and warranties
  • Escrow agreement
  • Non-disclosure agreement
  • Corporate resolutions
  • Operating and Amended Operating Agreements
  • Shareholder Agreements
  • Any exhibits to the purchase agreement
  • Amended corporate bylaws
  • Non-compete clauses
  • Security and stock pledge agreement(s)
  • Employment Contracts
  • LLC Membership Agreements

Selling an Existing Franchise Business

In addition to all of the above, selling a franchise has some extra steps. If you are a franchisee who is selling your franchised business, you need to secure the consent of your franchisor and your landlord. We will incorporate the necessary franchise related clauses and important contingencies into the sales agreement to protect you.

In addition to the normal business acquisition issues, we make sure that all of the franchise agreements are assigned. We also ensure that all post-closing liabilities and assets of the corporation, including obligations to franchisors, are transferred to the new owner.

We have years of experience helping clients. Our clients appreciate that we provide high-quality legal work and prompt, responsive service. If you plan on selling a franchised business, contact Fredrick P. Niemann today.

Click here to watch Our Video on Franchise Law in New Jersey

What Additional Services We Can Offer You After the Sale of Your Business

For more than 40 years, we have helped small and medium-sized corporations, businesses and individuals with their business matters in New Jersey.

After the successful sale of your NJ business, Hanlon Niemann & Wright will be there to help you with:

Corporation formation and business planning:

Our service to you begins when the articles of incorporation are first written. Businesses must plan for profitability, tax consequences, employment issues, and other concerns. Business can change with commercial needs and realities. Savvy businesspeople will keep an open eye for changing risks and opportunities. We help you launch your new corporation to minimize risk and legal liability to promote your success.

Contracts and Agreements:

After closing, if your business requires a goods or services contract, employment agreement, licensing and/or distribution agreement (or any other type of agreement), we can help.  A contract defines and controls the business relationship. Let us be a clear voice for you by writing, reviewing, and negotiating your business contracts.

NJ Non-Compete and Non-Disclosure Agreements:

Are you concerned about protecting your valuable proprietary information and the possibility that your key employees might compete directly against you? If so, let us draft a non-compete and non-disclosure agreement for you to protect your valuable proprietary and confidential business information. We can also prepare a non-competition agreement for your key employees to protect your interests. We’ll counsel you on the best methods of implementing a non-compete agreement with existing and new employees.

NJ Business Succession Plans and Agreements:

These take place upon the death, disability, retirement or withdrawal of a business owner, key employee or partner. Depending on the type of business, transfers of ownership interests may not achieve a complete change of control. Careful estate and corporate business planning can minimize problems and facilitate business owners’ goals.

NJ Franchisee Law Representation:

We will review your franchise document(s), explain your obligations, and advise you throughout the process of selling a franchise. We want to be there to guide and protect you through this complicated yet potentially rewarding investment decision.

TESTIMONIAL
Fred has been my attorney since I started my business in 2003. He is always very helpful and has handled several business and personal matters for me. I highly recommend Fred.
Wayne Sos, Howell, NJ

Whether you need assistance with just one sale(s) contract or would like an ongoing relationship with a NJ attorney who you can call on for all your business legal needs, Fredrick P. Niemann and the entire firm at Hanlon Niemann & Wright is here for you. Contact Fred at fniemann@hnlawfirm.com, or call him today toll-free at (855) 376-5291.

Video on NJ Landlord Tenant Laws

Avoid the Deadly Traps NJ Landlords and Tenants Make in Their Commercial Leases

Please contact Fredrick P. Niemann today to discuss any issue that is or may impact your NJ business at fniemann@hnlawfirm.com, or call him toll-free at (855) 376-5291. He looks forward to speaking with you.

Lawyer for Selling a Business in New Jersey

NJ Business Sale Lawyer

HNW Business Practice Areas | Selling a Business in NJ