Legal Question in Business Law in New York

Forms that need to be file when selling a business


Asked on 12/16/11, 12:37 pm

2 Answers from Attorneys

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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Disclaimer: This post has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising.

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Answered on 12/17/11, 9:17 pm
Steven Czik CZIK LAW PLLC

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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The information provided by Czik Law PLLC (CLP) is for general educational purposes only. There is no attorney-client relationship established by this communication and no privilege attaches to such communication. CLP is not taking and will not take any action on your behalf and will not be considered your attorney until both you and CLP 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 CLP on terms acceptable to CLP, you are advised to immediately seek the services of another attorney.

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Answered on 12/19/11, 3:21 pm


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