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5665 147th St. N.
Hugo, MN 55038


Commercial Purchase Agreement Musts!


In 2017 I saw a substantial increase in existing businesses being acquired by a new owner.  In comparison, I saw comparatively few new businesses being started.  Based on what I observed, seasoned and successful business owners were at or near retirement age, had made their money, and considered the market print to sell.  On the other side of the transaction, usually, the buyers were not new college graduate age, but not near retirement either, had some experience in the workforce, and had a good idea on how business runs (but not necessarily on how to run a business).


After looking at the transactions I was part of in 2017, I offer these MUSTS for you and your commercial purchase agreement:


  1. Correctly identify the parties.
  2. Get all the sellers' financials, in particular, their obligations, to make sure title will pass.
  3. An exhaustive list of the assets being acquired.
  4. An accountant to help prepare for the tax consequences (true for both the buyer and seller)
  5. Clearly written terms expressing what each side must do and by when.

 These principles hold true regardless of whether you're buying a machinist factory in Hugo or a commercial property in White Bear Lake.  Getting these elements in place does not guarantee success, but it sure it is a good start to avoiding problems.


The material contained herein is provided for informational purposes only and is not legal advice, nor is it a substitute for obtaining legal advice from an attorney. Each situation is unique, and you should not act or rely on any information contained herein without seeking the advice of an experienced attorney. All information contained in links are the property of the linked site.


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Dan has handled formation of international corporations through single member LLC’s looking to invoke all the corporate protections enjoyed by the most complex companies in the world.


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Estate planning can be the most rewarding and emotionally challenging legal endeavor for any client. Dan carefully assists clients persevere through their estate planning process.


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No two litigations are alike. The rules may not change, but the facts, client goal, and resolution options are never the same.


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Dan has extensive experience representing and helping real estate buyers, sellers, agents, and business clients weave through the maze of residential real estate and commercial transactions.


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