Through our years of experience, we have developed our skills thoroughly and use them to protect our clients’ interests.
Commercial lease or sublease preparation
Commercial leases are not the same as residential leases and need careful legal preparation. When businesses are involved, consumer protection laws come into play. A properly prepared commercial lease agreement affords certain protections. We prepare and review commercial lease agreements as well as sublease agreements.
Business sales contract preparation
We assist businesses with the review and preparation of contracts for business transactions. A contract may be oral, written, express, or implied, and there are basic principles applicable to all contracts. Business sales contracts may require different or additional information based on the goods or services being exchanged.
Transfer of goodwill by bill of sale
Goodwill is an asset that is an intangible part of a business being purchased. Despite its intangibility, goodwill may be worth more than concrete assets, such as property, buildings, machinery, or inventory. In the state of Georgia, a bill of sale is required to transfer goodwill. A bill of sale is a legal document, similar to a contract, that makes a record of the agreement to sell and receive the goods from one party to the other. Calculating business goodwill can be complex, so it is essential to have a highly competent business attorney involved in the negotiation process.
Corporate stock sales or transfers
A person’s percentage of ownership in a company is determined by the shares they hold. The respective shares can be sold or given by their owners however they see fit, as long as it complies with the shareholder agreements they signed prior to the transfer. If such an agreement does not exist, a person must realistically value its stock before transferring it to comply with IRS rules and state corporation laws. Ownership transfers have legal and financial dimensions that vary by the type of transaction and the type of business structure.
LLC membership sales or transfers
Selling or transferring membership interests in an LLC can be a somewhat complicated process due to the complexity of the laws and procedures that must be complied with for a transaction to be valid. At Tetreault Law, we can answer any questions you may have about a sale or transfer of an LLC or assist with the sale or transfer of your interests in an LLC. We will review and explain the operating agreement along with the other LLC documents to ensure that you understand your rights. We can also help determine the risks and benefits associated with a particular sale or transfer, recommend alternative options, if necessary, and offer general business advice.
Tetreault Law, LLC, provides a wide range of valuable counsel and insight that everyone looks for in a real estate attorney. We have represented clients in the Savannah area for over 30 years.
Contact a Savannah Commercial Real Estate Attorney
If you are involved in a commercial real estate matter, you should contact an experienced Savannah real estate lawyer as soon as possible. At Tetreault Law, we are dedicated to helping people in commercial real estate matters as quickly and efficiently as possible. To schedule a consultation, call us today at (912) 355-9109 or fill out our online contact form.