Legal Question in Business Law in New York

One does not necessarily need to file documents when selling a business. Depending on the type of business, one may need to amend and/or re-file the articles of organization or articles of incorporation, amend and/or re-file any licenses the business has. If there are any seller notes involved those may need to be filed as well. Finally, if the seller business ceases to exist pursuant to the sale that business entity would need to be dissolved accompanied by the necessary filings.

Generally though, most of the agreements that are signed, pursuant to a sale of a business, are kept by the parties (and/or their attorneys) and are not filed.

If you require additional information feel free to contact my office at your earliest convenience.

Roman R. Fichman, Esq.

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Mr. Fichman is correct. However, it is usually recommended to have some contract in place for various reasons and protections. As such, it would be highly recommended to retain an experienced lawyer to assist you with such a sale. We have substantial experience handling these types of cases and reasonable fees, however, we would need some more information before making a complete and proper determination. You are welcome to contact us for a free consultation.

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