Acquisitions can also be in the form of stock purchase agreements for Illinois corporations or membership unit purchases for LLCs, where the buyer purchases the business’ stock or units and actually takes over the business, instead of just buying the merchandise or assets. In this type of purchase of business, a buyer may purchase all or a portion of the stock (or membership interest) of the business. In an entity purchase, the buyer owns all the same assets and is subject to all the same liabilities that existed prior to the acquisition.
A purchase of business is a complex endeavor. Our Chicago business lawyers, Chicago intellectual property lawyers and team of financial professionals can effectively guide you and your business through the complexities of a purchase of business, merger or acquisition.