Francis M. Boyer, Esq., is a member of the Bars of Florida and the District of Columbia. Mr. Boyer is also one of the few attorneys in Florida to be Board Certified by the Florida Bar as an Expert in International Law. In this interview, Mr. Boyer explains when a business owner should hire an attorney, how to avoid a lawsuit, buying and selling businesses in different countries, minimizing post- closing problems, and more.
Key Points from our Conversation
- Ideally, the attorney has a business background, either in the form of a Business degree from a university, and/or experience in dealing with asset purchases that are prevalent among small business purchases.
- You should hire an attorney (and a C.P.A.) prior to calling a business broker in order to make sure that your business is in a clean mode.
- Depending on who could sue you, you certainly would not want to enter into new contracts with anyone.
- Equipment might have some value, but remember in over 95% of the deals, you are not also purchasing the real estate, hence most of the value is not part of the business sale.