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Business Transactions

Riverside Business Transaction Attorneys Serving California in all Business Needs

Schlecht, Shevlin & Shoenberger provides corporate law expertise to California clients

Business transactions are contractual in nature; consequently, they are document intensive. The most common business transactions involve business entity formation, purchases, and sales. These transactions have significant legal ramifications. It is important to retain an experienced California business transaction attorney to represent you throughout the process.

Business entity formation

There are a variety of business entities available under California law, each with advantages and disadvantages. The business transaction lawyer at Schlecht, Shevlin & Shoenberger helps the client choose the right entity. The attorney will also form the entity in accordance with California law and prepare the organizational documents, including articles of incorporation, by-laws and operating agreements. These documents should also address the important issues of succession, buy-outs, key personnel provisions and other critical matters.

Buying and selling a business

If you are planning to buy or sell a business, your California business transaction lawyer at Schlecht, Shevlin & Shoenberger, a law corporation, guides you every step of the way. The key steps in the buy-sell transaction are the following:

  • The letter of intent (LOI). This document sets out the basic terms of the transaction, but it is not binding. Nevertheless, the LOI is the foundation for the purchase and sale agreement and should be drafted by a business transactions attorney.
  • The purchase and sale agreement. You should never try to prepare a contract to buy or sell a business yourself; it is legally binding and has significant financial consequences. The business transaction lawyers at Schlecht, Shevlin & Shoenberger have years of experience with California purchase and sale agreements and include important protections for their clients.
  • Due diligence. The buyer should have an opportunity to investigate the seller’s business. The due diligence clause in the contract allows the buyer to investigate the accounting records and other key documents concerning the financial and legal health of the business.
  • Closing. This is when the buyer and seller exchange the funds for the business. Many things can cause a business transaction to fall apart prior to closing. Your business transaction attorney at Schlecht, Shevlin & Shoenberger keeps the transaction on track and helps your closing run smoothly.

Other business transactions

There are hundreds of types of business transactions. The California law firm of Schlecht, Shevlin & Shoenberger has been representing business clients in Riverside and San Bernardino Counties since 1951. Their business transaction attorneys have experience with almost every kind of transaction.

If you need an experienced California business transaction lawyer, contact the law firm of Schlecht, Shevlin & Shoenberger, serving Riverside and San Bernardino Counties.

Contact a business transaction attorney in the Palm Springs offices of Schlecht, Shevlin & Shoenberger online or at 760-320-7161 for an appointment.

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