Legal Question in Business Law in New York

Re: Business purchase - Legal costs?

We have substantial experience handling these matters however, we would need some more information before making a complete and proper determination. You are welcome to contact us for a free consultation.

Gordon

Law Offices of

STEVEN J. CZIK, P.C.

101 Avenue of the Americas, 15th Floor

New York, New York 10013

212.413.4462

[email protected]

The information provided by The Law Offices of Steven J. Czik, P.C. (LOSJC) is for general educational purposes only. There is no attorney-client relationship established by this communication and no privilege attaches to such communication. LOSJC is not taking and will not take any action on your behalf and will not be considered your attorney until both you and LOSJC have signed a written retainer agreement. There are strict deadlines, called statutes of limitation, within which claims or lawsuits must be filed. Therefore, if you desire the services of an attorney and decide not to retain LOSJC on terms acceptable to LOSJC, you are advised to immediately seek the services of another attorney.

Re: Business purchase - Legal costs?

How much it will cost depends largely upon how much work will be involved. Factors that impact the amount of work include the size of the business being purchased and whether that business has any outstanding claims or liabilities.

Ordinarily, if the business is small and has been well run, the process is simple and reasonably inexpensive.

If you'd like to discuss your specific situation further, please feel free to get in touch.

Re: Business purchase - Legal costs?

How much it will cost depends largely upon how much work will be involved. Factors that impact the amount of work include the size of the business being purchased and whether that business has any outstanding claims or liabilities.

Ordinarily, if the business is small and has been well run, the process is simple and reasonably inexpensive.

If you'd like to discuss your specific situation further, please feel free to get in touch.

Re: Business purchase - Legal costs?

That's a tough question, because it's like asking how much a car costs. Your cost could depend on several factors, such as the purchase price, type of business, complications, etc. Some lawyers will charge a flat fee; others will want to be paid hourly. In all likelihood you are looking at a bare minimum of $2500, but it could go as high as $10,000 or more. If it's a million dollar deal, expect to pay even more. Again, it all depends on the lawyer's fee structure and hourly rate, as well as the complexity of the deal.

Re: Business purchase - Legal costs?

I agree with David. You are asking a very broad question. Maybe if you can tell us what type of business you want to purchase, how large the business is, how the purchase will be financed, the location of the business, we could give you a better answer.

Mike.

Re: Business purchase - Legal costs?

Each attorney has their owe fee schedule.

Fees are based on the amount of time spent on the matter and the difficulty of the case.

Without knowing more about your specific case, this is the best answer I can provide.

Patricia Martin-Gibbons