Legal Question in Business Law in Florida

after the business settlment,

just purchased a business, but after i walked in, all the numbers that i got from the broker was not right. Is there any way to get out from this mess with money that i investigated or any chance to win to fight with broker or previous owner?


Asked on 2/15/09, 3:41 am

2 Answers from Attorneys
Hunter Chamberlin Chamberlin Butler & Crowe, P.A.

Re: after the business settlment,

I have handled a number of business purchase/sale transactions, and have represented both buyers and sellers. Typically, the broker is not making any representation as to the accuracy of the numbers, merely that he obtained the information from the seller. Therefore, it is unlikely that you have a cause of action against the broker. Of course, this is depends on the paperwork you signed with the broker.

On the other hand, if the seller inflated his numbers, you definitely have one or more causes of action against the seller.

Please contact me if you would like to discuss your options.

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Answered on 2/16/09, 3:51 pm
David Slater David P. Slater, Esq.

Re: after the business settlment,

If a fraud was committed, yes.

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Answered on 2/15/09, 6:47 am


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