Business Sales & Purchases
Greg Launhardt is the closing escrow attorney for St Louis Group Business Brokers. He has completed over 150 closing for the sale/purchase of small businesses. Please use the following link to see their web site. www.saintlouisgroup.com. If you want to list your existing business we encourage you to call St Louis Group and ask for Dave Marlo. Another good web site for business brokers is www.bizbuysell.com.
If you have already found a purchaser for your business, Greg can assist you in drafting a Sales Contract and the related closing documents. The fee for this service is generally $1,500.
Terri Launhardt has assisted dozens of clients in analyzing the financial statements of potential business purchases.
If you have reached the point where you are ready to make an offer STOP and call Terri.
Then put together a package for Terri to review.
The information package should include at a minimum the following items.
1. Tax returns: 3 years minimum, more if available.
2. Financial statements for every tax return year.
3. Bank statements for a minimum of one year.
4. Payroll tax returns for the prior year.
5. Depreciation schedules.
Greg Launhardt can assist you in setting up a corporation or limited liability company for your new business. INC/LLC. Greg can also assist you in drafting a Letter of Intent or Asset Purchase Agreement.