Legal Question in Business Law in California

sale of business assets

We have a coproration, xyz, inc and a business of the same name. We would like to sell the assets of the business, including the name, but keep the corp. Can that be done? How?


Asked on 6/02/09, 3:27 pm

2 Answers from Attorneys
Daniel Bakondi The Law Office of Daniel Bakondi

Re: sale of business assets

You do a bulk sale. Have a purchase and sale agreement that addresses all issues. I have done these, let me know if you want help.

Best,

Daniel Bakondi, Esq.

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Answered on 6/03/09, 11:56 am
George Grellas George Grellas & Associates

Re: sale of business assets

You would have to have the corporation sell the assets (including the name) under an agreement that obligated it to amend its corporate name to some other name after the closing. This is not hard to do. You can also look at our website for the general procedures to follow in selling assets in a small business (http://www.grellas.com/faq_small_business_007.html).

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Answered on 6/02/09, 4:20 pm


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