Every year, dozens of independent businesses change hands in the Hudson Valley—sometimes due to industry shifts, new opportunities, or it simply being the right time. But behind every sale is a complex process of legal considerations, financial decisions, and strategic planning.
When considering buying or selling a business, a clear roadmap is essential. That’s where business law attorney Gary Schuster comes in. A partner at J&G Law in Walden, Schuster has decades of experience guiding business owners through these transitions. On March 26, he’ll host an upcoming half-hour webinar, “Anatomy of a Business Sale,” designed to demystify the experience and help attendees navigate their next big moves with confidence.
Even the most successful business owners rarely have in-depth knowledge of the buying or selling process—until they find themselves doing it. “The thing that makes a business sale different from a real estate transaction,” says Schuster, “is that there are so many different kinds of tangible and intangible components that need to be identified, not to mention insurance, tax, and regulatory issues.” Understanding the fine print can make the difference between a seamless transaction and a tangled mess.
Schuster has worked with businesses across nearly every industry, including medical and veterinary practices, tech companies, bus companies, breweries, gas stations, salons, and even funeral homes. Whether dealing with a start-up, a family-run legacy, or a multinational corporation, he’s seen it all.
“We’ve helped buy or sell just about every kind of business there is in the Hudson Valley,” says Schuster.
Preparing for a Sale or Purchase
When tackling a major business transaction, it makes sense to be as informed as possible. In the upcoming webinar, Schuster will outline the process of prepping a business for sale or purchase, including contracts and the due diligence process needed to ensure a successful transaction. Essentials covered will include nondisclosure agreements, letters of intent, stock sales versus asset sales, promissory notes, representations, and indemnification. There will also be time at the end for attendees to ask questions.
“This webinar will be a look at the factors that just about all business sales have in common and that are important to understand,” says Schuster.
While the answer to the question “What are you selling?” might seem straightforward at first, how that answer is accounted for can be anything but. “It’s never cookie cutter,” Schuster explains. “For this presentation, I’ve boiled it down to the basic concepts needed to avoid running into hassles down the line.”
Schuster presents the webinar on March 26 at 12pm. Attendance is free, but space is limited; attendees can preregister at Jglaw.law.
Location Details
