A package deal - What to do when the sale of your business and real estate are separate
on December 01, 2015
As written in the December 2015 Smart Business News Magazine
By David A. Lum, Attorney, Corporate & Securities practice group, Brouse McDowell, LPA
Business owners tired of paying rent to a landlord will often buy or construct a new facility and then create a separate limited liability company to own and manage it. The LLC can then lease space to the company, as well as to outside tenants who pay rent and provide business owners with an additional income stream.
The formula works exceptionally well when the current ownership structure is in place. However, when it comes time to either sell the business or bring in additional owners and/or stakeholders, legal difficulties can arise depending on how the transaction plays out, says David A. Lum, a Partner at Brouse McDowell.
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