Peter Mitchell Stanwyck

Sellers are always interested in being sure they get paid, especially if part of the purchase price is deferred. Sellers usually want to be certain that the Buyer will not later claim that something is not right or that they want to "back out" of the deal. Sellers are often concerned with continuing liability, such as with their prior customers, or with a landlord that requires them to remain liable on a lease assigned to the Buyer. Buyers are generally concerned with getting what they paid for

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One of the many challenges facing a new business, single owner or partner, is selecting the right business structure. In making this vital decision one should take into account the need for efficient organization, limiting liability, possible tax consequences, and the importance of partners agreeing on their rights and obligations in writing. Business owners have the choice between a "C", or, "S" corporation, limited liability company (LLC), partnership and a sole proprietorship.