Assisting our clients with the purchase and sale of commercial real estate has been an integral part of Michael T. Mahoney, Ltd., for the past 30 years. We have frequently provided legal representation for people starting new business ventures. These include restaurants, retail stores, taverns, subcontracting companies and service businesses of all varieties, and in the sale of these same business ventures.
From the point of view of the seller, a collaboration of professionals to assist with your transaction is the best course to follow. Your commercial real estate lawyer will draft the sales contract and related sales documents; a certified public accountant will assist with minimizing adverse tax ramifications of your transaction; and, ordinarily, a realtor specializing in commercial transactions will be engaged to help secure a suitable buyer. Your lawyer will assist with the coordination of the efforts of those professionals to ensure a smooth transaction to meet your objectives.
From the point of view of the buyer, the same collaboration of professionals under the guidance of an experienced commercial real property attorney should occur, but the buyer's point of view is radically different from that of the seller. The seller desires his sales price as soon and as contingency-free as possible; whereas the buyer needs to make certain that multiple contingencies are in place to protect the huge investment represented by the contemplated commercial real property transaction. Designing those necessary contingencies is where an experienced commercial real estate lawyer proves his value to his clients.
Do Not Let a Dual Agent Handle This Important Transaction
Never, under any circumstances, rely upon the other party's attorney to handle all aspects of any commercial real property transaction. The stakes are simply too high, and the other party's attorney is engaged solely to protect the other party in the transaction.
To find out more about how we may able to help you or to schedule an initial consultation to discuss your case, please call 866-677-8081 or contact us online. We have offices in Chillicothe and Peoria.
