South Carolina Business Acquisitions
Our Charleston corporate lawyer will help you sell a business and will generally structure the deal as an acquisition or as a merger. South Carolina business acquisitions are typically in the form of an asset purchase agreement where sellers sell all of the their businesses’ assets, typically free and clear of liabilities. Business acquisitions can also be stock sales. In these acquisitions, the seller sells the business’ or shareholders’ stock, or in an LLC, members’ membership units, and the buyer takes over the business rather than simply selling the business’s assets, inventory, intellectual property or merchandise.
A merger on the other hand, is like a marriage or union of two businesses and shares many characteristics of an asset purchase and a stock purchase, or membership unit purchase for LLCs, but at the end of the transaction the two businesses are combined as one.