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How to Avoid Disasters in Maryland Business Purchases

When buying a Maryland small business, it is incumbent upon the buyer to investigate the company that he or she is intending to purchase. A thorough investigation of the company's assets and liabilities, contracts and customers, policies and practices can avoid costly surprises and legal complications from arising after the business purchase is complete.

At The Kramer Law Firm, our Maryland business lawyers delve deeply into the records of the business being acquired to identify potential concerns. We have extensive experience helping prospective business owners recognize the benefits and risks of a proposed business purchase so they can make an informed decision.

Before you make a significant investment in money and time, talk to an attorney regarding due diligence review of a proposed business purchase. Contact our Rockville, MD office to schedule a consultation.

Due Diligence: Understanding Your Exposure to Unwanted Liability

We perform a due diligence review of a wide range of company attributes, including:

• Tax and corporate status with the state, and review vendor and customer contracts;
• Real property owned and leased, mortgages held and real estate title;
• Lists of suppliers and vendor agreements;
• Equipment leases and title;
• Lists of creditors, outstanding liens on assets and any promissory notes or financial obligations;
• Intellectual property portfolio;
• Compliance concerns regarding environmental issues, OSHA, and taxes;
• Employee contracts and benefits;
• Customer warranties;
• Company contracts; and
• Outstanding litigation.

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