Long Island Business Purchase & Sale Lawyer

Business Purchase and Sale Attorney Serving Long Island, NY

Long Island has an active market for business sales in Nassau and Suffolk Counties, including medical and dental practices, franchise locations, restaurants, home services companies, and professional firms. Many Long Island business sales involve family-owned companies transitioning to new ownership, which adds complexity around customer relationships, employee retention, and goodwill preservation.

Our firm represents Long Island business buyers and sellers in asset purchases, stock sales, due diligence, purchase agreement drafting, non-compete negotiations, and closing. We advise on deal structure, tax implications, lease assignment, and regulatory compliance for your specific industry.

Our Financial District office is accessible from Long Island via the LIRR to Penn Station, a short connection to our Financial District office. Schedule a free consultation to discuss your business acquisition or sale.

Business Purchase and Sale Services for Long Island Clients

Asset Purchases vs. Stock Acquisitions

Long Island buyers acquiring franchise locations, professional practices, or service businesses evaluate both structures based on existing contracts, licenses, and the seller's liability history. In an asset purchase, the buyer acquires specific business assets such as equipment, inventory, customer lists, intellectual property, and the right to use the business name. In a stock acquisition, the buyer purchases the seller's ownership interest in the business entity itself. Each structure has different implications for liability exposure, tax treatment, and contract transferability. Our firm advises Long Island buyers and sellers on the structure that best serves their goals.

Due Diligence Review

Long Island business acquisitions require review of lease terms across Nassau and Suffolk County locations, franchise agreement compliance, licensing and permit status, equipment condition, and employee arrangements. For medical practices, we review payor contracts and credentialing. Our due diligence process identifies risks before you commit to the purchase, giving you the information to negotiate price adjustments, representations and warranties, or indemnification provisions that protect your investment.

Purchase Agreement Drafting and Negotiation

Long Island business sales involving medical practices, franchise locations, and family-owned companies require purchase agreements that address the specific risks and conditions of the deal. Our firm drafts and negotiates purchase agreements covering purchase price and payment terms, asset allocation, representations and warranties, indemnification obligations, closing conditions, and post-closing adjustments. Every provision is tailored to the specific transaction rather than pulled from a generic template.

Business Valuation and Price Allocation

The allocation of purchase price among different asset categories affects both the buyer's depreciation deductions and the seller's tax treatment. Long Island business sales involving medical practices, franchise locations, and family-owned companies benefit from thoughtful price allocation that reflects actual asset values and optimizes tax outcomes. Our firm works with your accountant to structure the allocation and document it properly in the purchase agreement.

Non-Compete and Transition Agreements

For Long Island businesses, non-competes need geographic restrictions that reflect actual market areas in Nassau or Suffolk County, along with reasonable time periods and clear industry definitions. We also draft transition services agreements that require the seller to assist with customer introductions, vendor relationships, and operational knowledge transfer for a defined period after closing.

Regulatory Compliance and Closing

Long Island business sales may involve transfers of professional licenses, franchise approvals, health department permits, or municipal business licenses in Nassau or Suffolk County. We coordinate all required regulatory filings. At closing, we ensure all documents are properly executed, funds are transferred, and the buyer has clear title to the purchased assets or ownership interests.

What Long Island Business Buyers and Sellers Should Know

Long Island has an active market for business sales in Nassau and Suffolk Counties, particularly for medical and dental practices, franchise locations, restaurants, home services companies, and professional firms. Many Long Island businesses serve established local customer bases built over decades, and preserving these relationships through the ownership transition is critical to the buyer's success.

Medical and dental practice sales on Long Island involve specialized considerations including patient record transfers, insurance panel assignments, credentialing with managed care organizations, and HIPAA compliance. These transactions require coordination with both legal counsel and the buyer's practice management team.

Franchise resales on Long Island require franchisor approval and compliance with the franchise agreement's transfer provisions. The franchisor may have a right of first refusal, approval rights over the buyer, or requirements for the buyer to complete training before the transfer is approved.

Why Long Island Clients Choose Agarunov Law Firm

Agarunov Law Firm represents buyers and sellers of Long Island businesses across all industries and deal sizes.

• Experienced in asset purchases, stock acquisitions, and business sale closings
• Thorough due diligence that identifies risks before you commit to the deal
• Purchase agreements tailored to your specific transaction, not generic templates
• Accessible from Long Island via LIRR to Penn Station, a short connection to our Financial District office
• Licensed in both New York and New Jersey for cross-state business transactions

How Our Business Purchase and Sale Process Works

• Step 1: Consultation. We discuss your transaction goals, the target business, and the proposed deal structure. This consultation is free.
• Step 2: Letter of Intent. We draft or review the letter of intent that outlines the key deal terms, including purchase price, structure, and timeline.
• Step 3: Due Diligence. We conduct a comprehensive review of the business's financials, contracts, leases, licenses, employees, and liabilities.
• Step 4: Purchase Agreement. We draft and negotiate the purchase agreement, including representations, warranties, indemnification, non-compete provisions, and closing conditions.
• Step 5: Closing. We coordinate the closing, ensure all documents are properly executed, and confirm that funds and assets transfer cleanly to the new owner.