Today, we interview Attorney Richard Leissner, a Partner at Howard, Stallings, From, Hutson, Atkins, Angell & Davis, P.A. Mr. Leissner has extensive experience in all aspects of residential and commercial real estate sales and acquisitions, leases and various other real property transactions. In this interview, Mr. Leissner discusses how selling a business can affect your lease, earnest money deposits, how to benefit from working with an attorney, and more.
Key Points from our Conversation
- You should hire an attorney prior to executing an agreement to sell the business.
- Both the buyer and the seller should look at the lease to determine what disclosures, if any, should be made by the landlord.
- My advice is to build a relationship with an attorney while you are involved with your business, not when it’s time to sell the business.
- Don’t try to buy or sell a business on your own.