When you choose to hire Morgan & Westfield as your broker, we will handle everything needed to sell your business or assist you in the process of buying a new business! Some buyers and sellers choose to hire an attorney at some point throughout the process. Because of that, we have interviewed several business law attorneys so you can determine if/when to hire an attorney. The attorneys also give great insight on how to save on attorney’s fee, how to best communicate with an attorney, how to avoid common mistakes made by buyers and sellers, and so much more.


Professional Spotlight:

In the spotlight this week is Atty. Julie Lusthaus, located in Westcheter, New York.

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"I would recommend hiring an attorney early in the process. Attorneys do more to help the parties get the deal done than simple 'paper the deal'."
 
A Partner of Einbinder & Dunn, Julie Lusthaus has been practicing law since 1996. In her interview, not only does Ms. Lusthaus cover the basics of buying and selling a franchise business, she also offers insight into the problems that could arise during the sales process, as well as important information such as a non-compete agreement. Read Ms. Lusthaus's Interview Here.

blen gee2_2.JPGM. Blen Gee Jr. - Raleigh, North Carolina

 

What kinds of advice do you give to business owners to lessen the likelihood of litigation? The biggest problem I see is that parties fail to put their agreement in writing.  The second biggest problem is the business owner that…"  Read More...

 


logo_3.JPGRohrbachers Cron Manahan Trimble & Zimmerman Co. L.P.A, - Toledo, Ohio

 

I own a business and lease the space I am using to operate the business. Legally, am I required to tell my landlord that I am considering selling my business? Although there is…"  Read More...


Andrew Silverman 2_0.jpgAndrew R. Silverman, Esq. - Delaware/Pennsylvania

What are the most common terms of a business separation agreement? The business separation process is a painful one. Often, your soon-to-be former business partner is a member of the family or someone you have known for a long period of time…"  Read More...


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Harry J. DiDonato, Esq. LL.M. - Delaware/Pennsylvania

At what point of the selling process do I hire an attorney and what parts do they handle?  It is best to hire an attorney as early on in the process as possible, but certainly before discussions occur with any potential buyers…"  Read More...


Hanwei Lo 4.jpgHanwei Cheng, Esq. – Atlanta, Georgia

What seems to be your most popular request from business owners who are selling their business? Sellers are always looking to increase the value of their business.  This has been a main concern in the past year, as well as years before…"  Read More...


Peter Brehm 4.jpgPeter C. Brehm, Esq. CVA – Bloomington, Minnesota

What are some questions to ask potential business appraisers before hiring one? As with hiring any professionals, experience is important, and clients should ask about the number and types of appraisals that an appraiser has done. For me, the type of appraisal has more to do with the purpose of…"  Read More…


Julie headshot 4.pngJulie Lusthaus, Esq. – Westchester, New York

I am selling my business, at what point do you recommend hiring an attorney and what role do they play in the process? I would recommend hiring an attorney early in the process.  Attorneys do more to help the parties…"  Read More...


chris cali 4.JPGChris Cali - Chicago, Illinois

 

As an owner looking to sell my business, how can I minimize fees when working with an attorney? First, clients need to understand an attorney is ultimately providing to it.   An attorney’s stock in trade is his time and experience…"  Read More…


richard2_3.JPGRichard P. Leissner, Jr. - New Bern, North Carolina

 

Do you have any tips or advice for anyone buying or selling a business?  Don’t try to buy or sell a business on your own.  Selling or buying a business, even a small one, is a complex and serious thing. There are a lot of moving…"  Read More…


large_robert 2_0.JPGRobert A. Shipley – Chicago, Illinois

Do I still have to go through with purchasing a business if there was a fire one week before closing? Generally, the simple answer is yes; however, I would recommend a review of the contract for sale to determine if it…"  Read More…


Mouratova Pic 4.jpgEkaterina Mouratova, Esq. – New York, New York

 

Do you have any advice for anyone buying, selling or appraising a business? Determine what exactly you want to buy or to sell – a business as an ongoing operation, just particular part of the business, but not the rest, or assets…"  Read More …


Royce Lanning 3.jpgRoyce S. Lanning, Esq. – Atlanta, Georgia

What are the most important things an attorney can contribute as I sell my business? Attorneys should first help their client understand the deal, its structure and implications as negotiated or written. An attorney should then…"  Read More…


jamieSasson photo2_0.jpgJamie Sasson - Deerfield Beach, Florida

What disclosure obligations do I have to a buyer when selling my business? You are required to give accurate information, as well as provide tax returns and and other financial forms. I have seen many lawsuits when…"  Read More…


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Hae Kyung (Ella) Lim - Jacksonville, Florida

 

What does an attorney provide business owners, besides legal advice? The type of attorney you will need depends on the type of business you are buying/selling.  You may need either a commercial real estate attorney or…"  Read More...


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Adam Gana - New York, New York

 

As a business owner preparing to sell my business, what precautions can I take to avoid being sued? There are a number of precautions a business owner should take before selling his or her business…"  Read More...


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Francis M. Boyer - Jacksonville/Orlando/Miami, Florida

I am located outside of the United States and would like to purchase a business within the United States. Will any business law attorney be able to help me? No. Not every business lawyer is qualified to assist you with this type of matter. This is…"  Read More...