Posts Tagged buying or selling a business
I’m selling my restaurant or bar. It has a mixed beverage permit. Is the mixed beverage permit transferable?
Posted by David Leon in Business law on 08/03/2009
No. Section 28.04 of the Texas Alcoholic Beverage Code states: A mixed beverage permit held by a corporation may not be renewed if the commission or administrator finds that legal or beneficial ownership of over 50 percent of the stock of the corporation has changed since the time the original permit was issued.
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What is business insurance planning?
Posted by David Leon in Business law, Estate planning and probate, Insurance Law on 06/03/2009
Business insurance planning includes insurance against the loss of a key person who is vital to the survival of a business. This type of policy can be used to inject cash into a business in order to survive while you replace the lost person. It can also cover buy/sell agreements, allowing the surviving member of the business to buy out the deceased member’s interest. Other types of insurance planning include wholly owned or captive insurance companies, umbrella insurance policy planning and commercial liability. Contact Us for more information.
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Do I need to use an attorney if I am buying or selling a business using a broker?
Posted by David Leon in Business law on 24/11/2007
Our firm has experience in handling the buying and selling of businesses. Even if you are using a broker, you can still have your own attorney to assist with the negotiation and closing of the transaction. Transfering ownership of a business can occur in several different ways, and it takes a trained professional to determine which methods of ownership transfer will best benefit the client while minimizing the risk. Also, many companies, such as restaraunts and retail, have specific legal requirements. These tend to be complex transactions and our firm can assist you with each step of the transaction. Contact Us for more information.
If you would like to discuss this with our firm, please call us at (214) 696-0021, or click below to instant chat with us.
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The Leon Law Firm Dallas, Texas & NY, NY Business Lawyers (214) 696-0021
This is the Dallas, Texas law firm of David L. Leon, P.C.
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