Legal

Ask a Lawyer and Get Answers to Your Legal Questions

Ask a Lawyer,
Get an Answer ASAP!

Legal

I am trying to buy an existing dry cleaner business(been around for 16 years). I am in texas.

Customer Question
I am trying to buy...
I am trying to buy an existing dry cleaner business(been around for 16 years). I am in texas. can you tell me what questions or what to look for ,to enable make a wise decision to buy or not to buy
thanks
Submitted: 1 year ago.Category: Legal
Show More
Show Less
Ask Your Own Legal Question
Answered in 10 minutes by:
6/9/2016
Lawyer: Richard, Attorney replied 1 year ago
Richard
Richard, Attorney
Category: Legal
Satisfied Customers: 56,000
Experience: Attorney with 29 years of experience.
Verified

Hi! My name is Richard & I will be helping you today! It will take me a few minutes to type a response to your question. Thanks for your patience!

Ask Your Own Legal Question
Lawyer: Richard, Attorney replied 1 year ago

I can give you some general direction, but without knowing what you know and your prior experience, it's hard to give you the specific questions. What you want to do is structure this as an asset purchase rather than a purchase of the business itself so you avoid stepping into any existing liabilities, lawsuits, etc. To do this, you want to enter into an Asset Purchase Agreement which provides for the seller to deliver a comprehensive list of documentation regarding all aspects of the operations of the business, existing contracts, any lawsuits, existing lease, financial records, etc., etc., and giving you a due diligence period to review these materials. The Asset Purchase Agreement also will contain a list of representations and warranties that the seller must make with regard to the business. Once you have had a chance to review all the information provided, you can then make a determination of whether or not to move forward. :)

Ask Your Own Legal Question
Ask Richard Your Own Question
Richard
Richard
Richard, Attorney
Category: Legal
Satisfied Customers: 56,000
56,000 Satisfied Customers
Experience: Attorney with 29 years of experience.

Richard is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Not only did he answer my Michigan divorce question but was also able to help me out with it, too. I have since won my legal case on this matter and thank you so much for it.

LeeMichigan

< Previous | Next >

Meet the Experts:

Tina

Tina

Lawyer

8,775 satisfied customers

JD, BBA Over 25 years legal and business experience.

Ely

Ely

Counselor at Law

24,353 satisfied customers

Private practice with focus on family, criminal, PI, consumer protection, and business consultation.

INFOLAWYER

INFOLAWYER

Attorney

20,727 satisfied customers

Licensed attorney helping individuals and businesses

JPEsq

JPEsq

Attorney

2,132 satisfied customers

Experience as general attorney, in house counsel, SSDI, Family Law attorney, and law professor

Law Educator, Esq.

Law Educator, Esq.

Attorney

42,358 satisfied customers

JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law

Ellen

Ellen

Lawyer, Consultant

8,238 satisfied customers

25 years of experience helping people like you.

Guillermo J. Senmartin, Esq.

Guillermo J. Senmartin, Esq.

Attorney

292 satisfied customers

7+ years of experience handling various legal matters.

< Previous | Next >

Related Legal Questions
My son has gotten himself into a lease/option contract with
my son has gotten himself into a lease/option contract with a fixer-upper..it is dated and signed by both parties December 9, 2017..however, upon examining the quitclaim deed, it was signed on Novembe… read more
Barrister
Barrister
Attorney/Landlord/Realtor
Doctoral Degree
35,276 satisfied customers
I was referred to your Legal Representation for Tenants from
I was referred to your Legal Representation for Tenants from Tenants Rights Group. … read more
LegalKnowledge
LegalKnowledge
Juris Doctor
28,087 satisfied customers
I'm being tortured and need legal representation for medical
I'm being tortured and need legal representation for medical malpractice, family law and civil rights and have no money. What should I Do? … read more
P. Simmons
P. Simmons
Attorney
Doctoral Degree
35,283 satisfied customers
I'm trying to figure out if a two-party lease/contract can
I'm trying to figure out if a two-party lease/contract can be enforced without all signatures. … read more
Barrister
Barrister
Attorney/Landlord/Realtor
Doctoral Degree
35,276 satisfied customers
I'm looking for legal representation for a bill collection
I'm looking for legal representation for a bill collection with AT&T where I say they old me a refund because the services they used was supposed to provide me was not provided to me which I still hav… read more
Attyadvisor
Attyadvisor
Doctoral Degree
7,121 satisfied customers
I am looking for representation regarding a Company, Ditech,
I am looking for representation regarding a Company, Ditech, that I feel is harassing me. … read more
Dwayne B.
Dwayne B.
Juris Doctor
28,688 satisfied customers
Auto lease contract with Kia. They seek payment that exceeds
Auto lease contract with Kia. They seek payment that exceeds monthly amount on monthly agreement. … read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
7,307 satisfied customers
I am inquiring about international legal representation. and
I am inquiring about international legal representation. I am Canadian and have legal distribution rights in the Philippines. The manufacturer is in Germany and is threatening to open up partnership w… read more
Asad Rahman
Asad Rahman
Attorney
J.D.
2,283 satisfied customers
We are in a lease to own contract for an RV. story are
We are in a lease to own contract for an RV. Long story are having problems with the company fixing the rig of some damages done by their transport person. What type of attorney should we talk to? … read more
Damien Bosco
Damien Bosco
3,353 satisfied customers
Can I legally break a leasing contract if the apartment
Can I legally break a leasing contract if the apartment management is negligent with keeping the property safe? For example, a wooden swing was rotten and fell on my daughter, causing the need for sut… read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
Doctoral Degree
42,358 satisfied customers
If we break lease early in contract with an exit clause in
if we break lease early in contract with an exit clause in maryland, can the landlord require rent in excess of the penalty and notice requirement in the contract? … read more
Nisha Jones, Esq.
Nisha Jones, Esq.
Juris Doctorate
1,731 satisfied customers
Several months ago, the contract for the car I'm leasing was
Several months ago, the contract for the car I'm leasing was about to expire. I was told I can upgrade and the dealership would cover the wear and tear, mileage, and the rest, it would all be taken ca… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
7,307 satisfied customers
This is my question, As legal representive of my Aunts
This is my question, As legal representive of my Aunts estate. All the paperw ork ahs been processed. After the estate inventory has been possted my nephew whose haassn't been aroundm for over 10 year… read more
Barrister
Barrister
Attorney/Landlord/Realtor
Doctoral Degree
35,276 satisfied customers
I am in a lease contract that states no termination. the
I am in a lease contract that states no termination. the real estate company rep has a personal issue with me, so i am trying to find out if the is it legal for me to send my rental payments to her pe… read more
Barrister
Barrister
Attorney/Landlord/Realtor
Doctoral Degree
35,276 satisfied customers
It turns out it is a Commercial Lease Contract in the state
It turns out it is a Commercial Lease Contract in the state of Florida and the LandLord says that there is no guidelines when it comes to store the security deposit like when it comes for Residential … read more
Barrister
Barrister
Attorney/Landlord/Realtor
Doctoral Degree
35,276 satisfied customers
I am currently seeking representation to a slander,
I am currently seeking representation to a slander, defamation, libel case... … read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
7,307 satisfied customers
We just signed a contract to lease a car. The price
We just signed a contract to lease a car. The price discussed and agreed was increased by almost $5000.00. They did not show us what we were signing since the signatures were done in a separate machin… read more
Roy Hadavi
Roy Hadavi
Attorney
Juris Doctorate
980 satisfied customers
I signed a lease contract that is year to year except the
I signed a lease contract that is year to year except the owner agreed I could have the same lease rate for as long as I was there. He put this in writing on the lease by saying, "...rate of $3,900 pe… read more
Roy Hadavi
Roy Hadavi
Attorney
Juris Doctorate
980 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x