Philadelphia, Pennsylvania Business Law Attorneys
As your business changes over the years, you may decide to expand or to sell all or part of your business enterprise. You may want to franchise your business or bring a franchise into your business. All of these opportunities require careful study before making a decision.
Fort Washington: 215.392.4217 ∙ Lancaster: 717.207.7971 ∙
Mount Carmel: 570.339.4589
Due diligence: That is a term every successful businessperson learns to understand and appreciate. If you are planning to divest a business or take on another business, you need to examine all the facts before making a final decision. At the Timoney Knox law firm, our attorneys can guide you through the questions and concerns that come with the purchase or sale of a business.
Consider the tax implications. Will an acquisition change your tax liabilities? How will the sale of your business affect business taxes and your own personal taxes? At Timoney Knox, our experienced tax planning lawyers can help you understand the implications for business and personal taxes.
Determine the business structure. Will the business need to be restructured to accommodate an acquisition? How will the relationships among officers and directors change? A substantial addition will nearly always create changes in how the business operates. Talk with an attorney who can help you document the new structure.
At Timoney Knox, we have helped business in the Philadelphia area deal with all the implications of business purchases and sales. We also can help you with franchise contracts. Tell us your objectives. We will work with you to get there.
