Legal Question in Business Law in Florida

Selling a small business

My girlfriend's father is selling his Ft. Lauderdale, Fl. based landscape/lawn care business.

As of this morning, he has a potential buyer who is willing to help ''secure'' the transaction with a downpayment. My questions are, but not limited to:

What are the legal steps needed to take with the entire process?

Downpayment into escrow? (Refundable/non refundable?) Legal forms needed(ie: bill of sale etc.)

Financial disclosures?

Required or recommended third parties involved? (as well as potential fees for said third parties)

Tax repercussions?

Any help would be greatly appreciated.


Asked on 11/14/06, 5:32 pm

1 Answer from Attorneys

David Slater David P. Slater, Esq.

Re: Selling a small business

A written contract of sale would be a good start. Hiring an attorney is another.

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Answered on 11/14/06, 6:19 pm


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