In today's edition of The Charlotte Observer, interested readers can learn some very basic points about the process through which one of Charlotte's long-time local favorite restaurants, Bojangles’, will transition from a privately owned company to one where fans of the chain's chicken and biscuits can own a piece of their favorite restaurant. This process is called an Initial Public Offering or an IPO.
Most companies remain privately owned but that does not mean that individuals and companies can’t buy part (or all) of an existing business. The company’s owners may be willing to sell their business. Other individuals or companies may be intrigued by the possibility of getting into business for themselves or expanding their existing business by buying another company. The 2 biggest issues are (a) finding out what businesses might be for sale and (b) a fair price for the company.
In many cases, The Canipe Law Firm, PLLC works with prospective buyers or sellers to help answer these questions and to work out a deal. In other case, we are retained by a business broker to handle a business sale which is ready to close. Business brokers provide a tremendous service by creating a market for buying and selling privately owned companies.
Not every attorney understands this type of matter. Many attorneys focused on representing business do not have experience with buying and selling business. There are many moving pieces and questions to be asked and answered. In whatever role we are asked to handle, The Canipe Law Firm’s experience in this specific legal field allows us to provide solid legal service.
For information on the Bojangles' deal, you might want to go to this link: http://www.charlotteobserver.com/news/business/article20434572.html
Most companies remain privately owned but that does not mean that individuals and companies can’t buy part (or all) of an existing business. The company’s owners may be willing to sell their business. Other individuals or companies may be intrigued by the possibility of getting into business for themselves or expanding their existing business by buying another company. The 2 biggest issues are (a) finding out what businesses might be for sale and (b) a fair price for the company.
In many cases, The Canipe Law Firm, PLLC works with prospective buyers or sellers to help answer these questions and to work out a deal. In other case, we are retained by a business broker to handle a business sale which is ready to close. Business brokers provide a tremendous service by creating a market for buying and selling privately owned companies.
Not every attorney understands this type of matter. Many attorneys focused on representing business do not have experience with buying and selling business. There are many moving pieces and questions to be asked and answered. In whatever role we are asked to handle, The Canipe Law Firm’s experience in this specific legal field allows us to provide solid legal service.
For information on the Bojangles' deal, you might want to go to this link: http://www.charlotteobserver.com/news/business/article20434572.html
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