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Selling a small business
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mgray
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mgray

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My husband started a business one year ago.  Due to his non-compete the business was put in my name.  How do I go about getting my name off of the business?  Can I sell it to him or just sign it over?  Please help.
Kudos!
06-25-2009 12:30 PM
 

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Re: Selling a small business   [ Edited ]
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BusPlanMaster
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BusPlanMaster

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It really sounds like you need legal advice on this one.  Because you are husband and wife, he could be considered a partner already, depending on what state you live in.  And, depending on the size and complexity of your business, you may need only to transfer the business license, or you may need a Buy/Sell Agreement with publishing in the paper of a transfer of assets.  There are just a huge number of variables here.  The more important it is to you to have it done right, the more important it is to seek legal counsel.

 

MaryAnn
Business Plan Master
The Business Plan for a Tough Economy

Message Edited by BusPlanMaster on 06-25-2009 10:38 AM
Kudos!
06-25-2009 01:36 PM

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BizLinkIn
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BizLinkIn

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Is your business sole proprietor, LLC, Incorporated, etc.?  This will make a difference in the transfer of your business, especially depending on state/local laws & regulations.  It's possible it will be a simple business for sale transfer, but I would recommend seeking advice of legal counsel in your local area.  Best of luck.
 

BizLinkIn is an online portal allowing members to sell business opportunities to business buyers and brokers. Join today to list your businesses for sale.

Kudos!
11-01-2009 09:35 AM

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Re: Selling a small business
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NicoleD Administrator
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NicoleD

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Thanks for your thoughts BizPlanMaster and BizLinkIn!

 

mgray, here are Business.gov's tips on how to find a small business lawyer

 

Good luck to you, and please keep us posted on your situation


 


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Kudos!
11-03-2009 11:51 AM
 

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Re: Selling a small business   [ Edited ]
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srache
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srache

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  Yeah,she really need legal advice on this one. And Thanks for the link on how to find a small business lawyer .
Message Edited by srache on 11-04-2009 03:59 PM

 

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Kudos!
11-04-2009 03:58 PM
 

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