Because a merger and acquisition, or sale of business, is the transfer of a business or its assets to an acquiring entity, the business transaction becomes inherently complex from a legal and financial perspective. In fact, a sale of business is more complex than many business owners imagine. Take a standard type of transaction, a small private company that wants to sell its existing business to another business or individual. Even this seemingly simple business transaction is fraught with complexity because the business and its assets, including its employees and executives, must be identified, and legal constraints on its transfer must be identified. For instance, are contracts assignable? Is the intellectual property, including trademarks, patents, and copyrights, being transferred to the acquiring business? What are the employment implications of this transfer? What are the tax and accounting issues?
For most private small business mergers and acquisitions, our Chicago business lawyers, Chicago intellectual property lawyers and team of financial professionals will effectively guide you and your business through the complexities of this type of sale of business.