Don’t use a broker and save the fee….
Let’s start from the beginning. First, it’s important to understand that a business sale is known as a “bulk sale” from a legal definition position. In Nevada, there are no bulk sale laws on the books! That’s correct, NONE! Generally speaking in most cases, legal positions for legal remedy are only available if you can prove misrepresentation or fraud. By the way, have you tried to prove fraud or misrepresentation lately? Most of the time, the “bad guys” won’t deal with a firm such as First Choice or me because they know that there is a very high probability of being exposed and flushed out. Of course there are no guarantees but the worst business sales stories that I have ever heard are all when a business owner tries to sell their business directly to a buyer without a business broker. You know, to save the fee? I have had experienced men and women call me, after the fact, asking and almost begging for my advice and assistance to help them recover. Well, at that point, it’s usually too late. It is worth the fee alone just for this professional business broker review. Legal advice should always come from a qualified legal professional. Call me, I sell businesses for a living, you don’t.