{"id":128,"date":"2026-10-16T17:27:05","date_gmt":"2026-10-16T17:27:05","guid":{"rendered":"https:\/\/34-24-254-23.nip.io\/?page_id=128"},"modified":"2026-10-27T14:53:15","modified_gmt":"2026-10-27T14:53:15","slug":"business-acquisition-and-sale-lawyer-coral-gables","status":"publish","type":"page","link":"https:\/\/kewlegal.com\/resources\/business-acquisition-and-sale-lawyer-coral-gables\/","title":{"rendered":"Business Acquisition and Sale Lawyer Coral Gables"},"content":{"rendered":"\n<div class=\"wp-block-cover alignfull is-dark\" style=\"min-height:460px;aspect-ratio:unset;\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-secondary-background-color has-background-dim-60 has-background-dim\"><\/span><img class=\"wp-block-cover__image-background wp-image-125\" alt=\"Shareholders in a family-owned business boardroom review succession and sale documents at a table beneath framed company history.\" src=\"https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/shareholders-in-a-family-owned-business-boardroom-review-suc-photo.jpg\" width=\"1376\" height=\"768\" srcset=\"https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/shareholders-in-a-family-owned-business-boardroom-review-suc-photo-150x150.jpg 150w, https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/shareholders-in-a-family-owned-business-boardroom-review-suc-photo-300x167.jpg 300w, https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/shareholders-in-a-family-owned-business-boardroom-review-suc-photo-768x429.jpg 768w, https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/shareholders-in-a-family-owned-business-boardroom-review-suc-photo-1024x572.jpg 1024w, https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/shareholders-in-a-family-owned-business-boardroom-review-suc-photo.jpg 1376w\" sizes=\"(max-width: 825px) 825px, 100vw\" fetchpriority=\"high\" decoding=\"async\"\/><div class=\"wp-block-cover__inner-container has-global-padding is-layout-constrained wp-block-cover-is-layout-constrained\">\n<p class=\"chg-eyebrow has-base-color has-text-color wp-block-paragraph\">Business Acquisition and Sale Lawyer | Coral Gables<\/p><h1 class=\"wp-block-heading has-base-color has-text-color\">Buying or Selling a Business? Get Legal Counsel Through Every Stage of the Deal<\/h1><p class=\"has-base-color has-text-color wp-block-paragraph\" style=\"font-size:clamp(0.875rem, 0.875rem + ((1vw - 0.2rem) * 0.625), 1.25rem);\">KEW Legal focuses on business acquisitions and sales for buyers and sellers across Miami-Dade and Broward County, from the letter of intent through closing.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Schedule a Consultation<\/a><\/div><div class=\"wp-block-button chg-cta chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Schedule a Consultation<\/a><\/div><\/div>\n<\/div><\/div>\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:0.85rem;color:#6b7280;margin-bottom:1.5rem\">By Kristina E. Wilson \u00b7 Published October 10, 2026<\/p>\n\n<article lang=\"en\">\n\n<h2>Business Acquisition and Sale Counsel for Buyers and Sellers in Coral Gables<\/h2>\n<p>A business acquisition and sale lawyer in Coral Gables handles the legal side of buying or selling an operating business, from the first letter of intent through closing. KEW Legal is a Florida business law firm with offices in Coral Gables and Sunny Isles Beach. The firm focuses on business matters for clients across Miami-Dade and Broward County, including acquisitions, sales, contracts, commercial leases, employment issues for employers, and succession planning.<\/p>\n<p>The work covers two main deal types. An asset sale moves specific assets and contracts to the buyer. An equity sale moves membership interests or shares, so the company itself changes hands.<\/p>\n<p><strong>This service fits:<\/strong><\/p>\n<ul>\n<li>Owners planning an exit to a third party, a management team, or a competitor.<\/li>\n<li>Buyers and investors acquiring a going concern.<\/li>\n<li>Partners or family members handling a buyout or ownership transfer.<\/li>\n<\/ul>\n<p>KEW Legal also acts as outside general counsel for business owners and investors. In that model, the same firm handles the deal and the company&#8217;s ongoing legal needs.<\/p>\n\n<figure class=\"wp-block-image size-large has-custom-border\"><img decoding=\"async\" src=\"https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/professionals-reviewing-documents-together-at-a-table-in-a-b-photo.jpg\" alt=\"Professionals reviewing documents together at a table in a bright office, for a business acquisition and sale law firm in Coral Gables.\" style=\"border-radius:8px;width:100%;aspect-ratio:16\/9;object-fit:cover\"\/><\/figure>\n\n<div class=\"cta-dose-mid wp-block-group has-contrast-color has-surface-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-32197852 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--surface,#f2f3f5);color:var(--wp--preset--color--contrast,#22252b);border-radius:8px;padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem;border-left:6px solid var(--wp--preset--color--cta,currentColor);box-shadow:0 2px 10px rgba(0,0,0,0.18)\">\n<h3 class=\"wp-block-heading has-contrast-color has-text-color\">Not sure what your next step is?<\/h3><p class=\"wp-block-paragraph\">Talk it through with our team &#8212; the first consultation is free, confidential, and carries no obligation.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Get a free consultation<\/a><\/div><div class=\"wp-block-button chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Get a free consultation<\/a><\/div><\/div>\n<\/div>\n<h2>What the Representation Covers<\/h2>\n<p>Counsel covers each document and decision from the first letter of intent through closing. Here is what that includes:<\/p>\n<ul>\n<li><strong>Letter of intent review.<\/strong> We check which terms bind you, such as exclusivity periods, and which do not.<\/li>\n<li><strong>Due diligence coordination.<\/strong> We organize requests for corporate records, contracts, leases, licenses, employment files, tax filings, and lawsuit history.<\/li>\n<li><strong>Purchase agreement work.<\/strong> This covers asset purchase agreements and membership interest purchase agreements, including drafting and negotiation.<\/li>\n<li><strong>Protective terms.<\/strong> Representations, warranties, indemnification, escrow or holdback, and disclosure schedules.<\/li>\n<li><strong>Transfers of leases, vendor contracts, and permits.<\/strong> Many contracts need third-party consent before they move to a buyer.<\/li>\n<li><strong>Closing and transition.<\/strong> Closing documents, lien payoffs, and post-closing tasks such as employee and vendor notices.<\/li>\n<\/ul>\n<h2>How a Business Sale or Acquisition Moves From Start to Closing<\/h2>\n<p>A deal moves in stages, and each stage sets up the next one. Skipping or rushing a stage can leave issues unaddressed.<\/p>\n<ol>\n<li><strong>Initial consultation.<\/strong> We review your goals, price expectations, and timing.<\/li>\n<li><strong>Letter of intent.<\/strong> The parties agree on the main terms. Some parts may bind you even though the deal is not final.<\/li>\n<li><strong>Due diligence.<\/strong> The buyer checks the company&#8217;s records and contracts. This step often uncovers issues that change the price.<\/li>\n<li><strong>Purchase agreement.<\/strong> Drafting and negotiation usually take the longest.<\/li>\n<li><strong>Closing.<\/strong> Funds move, documents are signed, and required filings are made. Depending on the entity type and the change involved, a filing with the Florida Division of Corporations may be required.<\/li>\n<li><strong>Post-closing.<\/strong> Employees, landlords, and vendors receive notice, and transitions begin.<\/li>\n<\/ol>\n<p>Timelines vary with deal size, complexity, and third-party consents. No closing date can be promised in advance.<\/p>\n<h2>Contract Terms That Most Often Shift the Value of a Deal<\/h2>\n<p>The price structure, limits on the seller&#8217;s liability, and any non-compete are terms worth reviewing closely because they can affect what each side actually receives. Each term is negotiated based on your position in the deal.<\/p>\n<ul>\n<li><strong>Price structure.<\/strong> Cash at closing, seller financing, earnouts tied to revenue or profit, and working capital adjustments all change what the seller actually receives.<\/li>\n<li><strong>Indemnification and escrow.<\/strong> Caps, claim deadlines, and holdback amounts decide how much the seller pays if a problem appears later.<\/li>\n<li><strong>Non-compete covenants.<\/strong> Whether a non-compete can be enforced in Florida depends on how it is written and what it restricts, so the agreement should be reviewed before an employee signs it or leaves the business. Florida&#8217;s restrictive covenant statute, <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0500-0599\/0542\/Sections\/0542.335.html\">Fla. Stat. \u00a7 542.335<\/a>, applies different presumptions of reasonable duration to covenants given by the seller of a business than to covenants given by employees.<\/li>\n<li><strong>Successor tax exposure.<\/strong> Under <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0200-0299\/0213\/Sections\/0213.758.html\">Fla. Stat. \u00a7 213.758<\/a>, a buyer that acquires a business or certain of its assets may, in some circumstances, become liable for the seller&#8217;s unpaid Florida taxes. The statute sets conditions and limits on that liability, including the effect of a receipt or certificate from the Florida Department of Revenue and of withholding from the purchase price, so those terms should be reviewed for the specific transaction.<\/li>\n<li><strong>Pre-sale cash moves.<\/strong> A transfer can be challenged by earlier creditors if the seller made it without receiving reasonably equivalent value and was insolvent at the time or became insolvent as a result (<a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0700-0799\/0726\/Sections\/0726.106.html\">Fla. Stat. \u00a7 726.106<\/a>), and other provisions of Florida&#8217;s fraudulent transfer law may also apply. Owners who pull cash out before a sale should check this first.<\/li>\n<\/ul>\n\n<div class=\"cta-dose-mid wp-block-group has-contrast-color has-surface-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-32197852 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--surface,#f2f3f5);color:var(--wp--preset--color--contrast,#22252b);border-radius:8px;padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem;border-left:6px solid var(--wp--preset--color--cta,currentColor);box-shadow:0 2px 10px rgba(0,0,0,0.18)\">\n<h3 class=\"wp-block-heading has-contrast-color has-text-color\">Have questions about what happened?<\/h3><p class=\"wp-block-paragraph\">Ask our team directly. The first conversation is free, confidential, and there is no obligation to continue.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Talk to our team<\/a><\/div><div class=\"wp-block-button chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Talk to our team<\/a><\/div><\/div>\n<\/div>\n<h2>Who Typically Needs This Service and Common Situations<\/h2>\n<p>This service fits owners, buyers, and partners facing a decision on transferring a business or its ownership. Each situation links to related work on partnership disputes, vendor contracts, and commercial leases.<\/p>\n<ul>\n<li><strong>Sellers<\/strong> exiting to a third party, a management team, or a competitor.<\/li>\n<li><strong>Buyers and investors<\/strong> taking over a going concern, including a buyer who must take over an existing lease.<\/li>\n<li><strong>Partners<\/strong> buying out a departing owner. Under Florida&#8217;s partnership statute, which governs partnerships rather than LLCs or corporations, when a partner dissociates without the partnership being dissolved, the partnership generally must buy the departing partner&#8217;s interest, subject to the statute&#8217;s terms and exceptions. If no agreement is reached within 120 days after a written demand for payment, the partnership generally must pay in cash its estimate of the buyout price and accrued interest, reduced by any offsets and accrued interest the statute allows, although a partner who wrongfully dissociates before the end of a definite term or particular undertaking may not be entitled to payment until that term ends or the undertaking is completed (<a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0620\/Sections\/0620.8701.html\">Fla. Stat. \u00a7 620.8701<\/a>).<\/li>\n<li><strong>Family transfers<\/strong> that combine succession planning with a sale or gift.<\/li>\n<li><strong>Owners with transfer limits.<\/strong> A transfer of a transferable interest in an LLC made in violation of a restriction in the operating agreement is ineffective as to a person having notice of the restriction at the time of the transfer (<a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0605\/Sections\/0605.0502.html\">Fla. Stat. \u00a7 605.0502<\/a>). Corporate share restrictions may require a holder to offer shares first to the company or others (<a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0607\/Sections\/0607.0627.html\">Fla. Stat. \u00a7 607.0627<\/a>).<\/li>\n<\/ul>\n<h2>Why Clients Work With KEW Legal on Business Transactions<\/h2>\n<p>KEW Legal focuses its work on business law, including buying and selling companies. The firm&#8217;s approach has four parts.<\/p>\n<ul>\n<li><strong>Business law focus.<\/strong> The firm&#8217;s work centers on acquisitions, sales, contracts, commercial leases, employment issues for employers, and succession planning.<\/li>\n<li><strong>Continuity after closing.<\/strong> Under the outside general counsel model, the same firm can help with leases, vendor contracts, and employment items after the deal closes.<\/li>\n<li><strong>Entity-specific structure.<\/strong> An asset sale, a membership interest sale, and a stock sale each move liabilities and approvals differently. The company&#8217;s governing documents often decide which approvals apply. Tax treatment also varies by entity type, as the <a href=\"https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/business-structures\">IRS guidance on business structures<\/a> explains.<\/li>\n<li><strong>Written fee disclosure.<\/strong> We explain the fee structure in writing before you engage us, including any filing and registration costs you may owe in addition to legal fees.<\/li>\n<\/ul>\n<p>The consultation covers your documents, the deal structure options, and the next steps. We do not promise results, prices, or closing dates. Each deal turns on its own facts.<\/p>\n<h2>Questions Business Owners and Buyers Ask Before Hiring a Lawyer<\/h2>\n<p>Most of these questions come down to what you sign first and who must approve the deal.<\/p>\n<h3>Do I need a lawyer before signing a letter of intent?<\/h3>\n<p>Early review helps. Some letter of intent terms can bind you before the final deal is signed.<\/p>\n<h3>Can my business partner block a sale?<\/h3>\n<p>It depends on the entity type: for an LLC, the operating agreement can often address this, while corporations and partnerships are governed by different statutes and governing documents. Subject to certain exceptions in <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0605\/Sections\/0605.0105.html\">Florida&#8217;s LLC statute<\/a>, the operating agreement governs relations among the members as members and between the members and the limited liability company, and to the extent the agreement does not otherwise provide for such a matter, the statute&#8217;s chapter governs it.<\/p>\n<h3>What happens to business debts after a sale?<\/h3>\n<p>It depends on the deal type. In an asset sale, the buyer takes the assets and contracts the agreement names. Tax claims can follow a transfer, so buyers should check tax status either way.<\/p>\n<h3>How are legal fees handled?<\/h3>\n<p>We state the fee and cost structure in writing before you engage us. That includes amounts you may owe beyond legal fees, such as filing fees.<\/p>\n<h3>Will the deal close on a set date?<\/h3>\n<p>No date can be promised. Timing depends on due diligence, third-party consents, and the other side&#8217;s responses.<\/p>\n<h3>Where do I start?<\/h3>\n<p>Gather your letter of intent, recent financial statements, and entity documents. Those files let us review your position from the start.<\/p>\n\n<figure class=\"wp-block-image size-large has-custom-border\"><img decoding=\"async\" src=\"https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/business-attorneys-reviewing-acquisition-documents-across-a-photo.jpg\" alt=\"Professionals seated around a conference table reviewing documents together in a bright office.\" style=\"border-radius:8px;width:100%;aspect-ratio:16\/9;object-fit:cover\"\/><\/figure>\n\n<div class=\"cta-dose-mid wp-block-group has-contrast-color has-surface-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-32197852 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--surface,#f2f3f5);color:var(--wp--preset--color--contrast,#22252b);border-radius:8px;padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem;border-left:6px solid var(--wp--preset--color--cta,currentColor);box-shadow:0 2px 10px rgba(0,0,0,0.18)\">\n<h3 class=\"wp-block-heading has-contrast-color has-text-color\">Want to know where you stand?<\/h3><p class=\"wp-block-paragraph\">Tell us what happened and our team will walk you through the options available to you, at no cost.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Get a free review<\/a><\/div><div class=\"wp-block-button chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Get a free review<\/a><\/div><\/div>\n<\/div>\n<h2>Talk to a Coral Gables Business Sale and Acquisition Lawyer<\/h2>\n<p>If you have a signed letter of intent or a buyer ready to close, KEW Legal can review the deal with you. A business acquisition and sale lawyer in Coral Gables can check the terms that affect price, liability, and transfer approvals before you commit.<\/p>\n<p>If part of your matter falls outside these practice areas, we will tell you. We may refer you to another lawyer or firm for that part.<\/p>\n<p>KEW Legal, Coral Gables, Florida. Call 305-990-2300 or <a href=\"https:\/\/kewlegal.com\/contact-us\/\">send us a message through our contact page<\/a> before you sign.<\/p>\n\n<\/article>\n<footer class=\"disclaimer\"><em>The engagement of a lawyer is an important decision that should not be based solely upon advertisements. The information on this website is general information about KEW Legal and the services we offer; it does not constitute legal advice and is intended for informational purposes only. Accessing this website or contacting our firm does not establish an attorney-client relationship.<\/em><\/footer>\n\n\n<div class=\"wp-block-group alignwide has-global-padding is-layout-constrained wp-container-core-group-is-layout-583d630a wp-block-group-is-layout-constrained\" style=\"padding-top:3rem;padding-bottom:3rem;padding-left:1.5rem;padding-right:1.5rem\">\n<h2 class=\"wp-block-heading has-text-align-center\">How KEW Legal Supports Buyers and Sellers<\/h2>\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-f56f613f wp-block-columns-is-layout-flex\"><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"wp-block-paragraph\"><span class=\"chg-icon chg-icon--document\"><\/span><\/p><h3 class=\"wp-block-heading\">Letter of Intent Review<\/h3><p class=\"wp-block-paragraph\">We review the terms of a proposed deal, including which provisions are binding and which are not, before you commit to a direction.<\/p><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"wp-block-paragraph\"><span class=\"chg-icon chg-icon--shield\"><\/span><\/p><h3 class=\"wp-block-heading\">Due Diligence Support<\/h3><p class=\"wp-block-paragraph\">We review contracts, leases, corporate records and other deal documents so that the legal issues in a transaction are identified before closing.<\/p><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"wp-block-paragraph\"><span class=\"chg-icon chg-icon--check\"><\/span><\/p><h3 class=\"wp-block-heading\">Purchase Agreement Drafting<\/h3><p class=\"wp-block-paragraph\">We draft and negotiate purchase agreements, representations, warranties and indemnities to reflect the terms of your deal.<\/p><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"wp-block-paragraph\"><span class=\"chg-icon chg-icon--users\"><\/span><\/p><h3 class=\"wp-block-heading\">Closing Coordination<\/h3><p class=\"wp-block-paragraph\">We coordinate the documents, signatures and conditions needed to complete the transaction and transfer ownership.<\/p><\/div><\/div>\n\n<\/div>\n\n\n\n<div class=\"wp-block-group has-base-color has-accent-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-32197852 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--accent,#20242e);color:var(--wp--preset--color--base,#ffffff);border-radius:8px;padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem;border-left:6px solid var(--wp--preset--color--cta,currentColor);box-shadow:0 2px 10px rgba(0,0,0,0.18)\">\n<h3 class=\"wp-block-heading has-base-color has-text-color\">Review Before You Sign<\/h3><p class=\"wp-block-paragraph\">Letters of intent often include binding terms, such as confidentiality or exclusivity, even when the rest of the proposal is non-binding. Have the terms reviewed by counsel before you sign.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Contact KEW Legal<\/a><\/div><div class=\"wp-block-button chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Contact KEW Legal<\/a><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-surface-background-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-583d630a wp-block-group-is-layout-constrained\" style=\"padding-top:3rem;padding-bottom:3rem;padding-left:1.5rem;padding-right:1.5rem\">\n<h2 class=\"wp-block-heading has-text-align-center\">The Stages of a Business Sale or Acquisition<\/h2>\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-f56f613f wp-block-columns-is-layout-flex\"><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-group has-base-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:8px;box-shadow:0 4px 14px rgba(0,0,0,0.08);padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem\"><h3 class=\"wp-block-heading\">1. Letter of Intent<\/h3><p class=\"wp-block-paragraph\">Outline the proposed price, structure and key conditions, and identify which terms are binding.<\/p><\/div><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-group has-base-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:8px;box-shadow:0 4px 14px rgba(0,0,0,0.08);padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem\"><h3 class=\"wp-block-heading\">2. Due Diligence<\/h3><p class=\"wp-block-paragraph\">Review the company&#x27;s contracts, leases, employment matters and corporate records to identify legal risks.<\/p><\/div><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-group has-base-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:8px;box-shadow:0 4px 14px rgba(0,0,0,0.08);padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem\"><h3 class=\"wp-block-heading\">3. Purchase Agreement<\/h3><p class=\"wp-block-paragraph\">Negotiate and draft the definitive agreement, including representations, warranties and closing conditions.<\/p><\/div><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-group has-base-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:8px;box-shadow:0 4px 14px rgba(0,0,0,0.08);padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem\"><h3 class=\"wp-block-heading\">4. Closing<\/h3><p class=\"wp-block-paragraph\">Coordinate signed documents, required approvals and the transfer of ownership and assets.<\/p><\/div><\/div><\/div>\n\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-base-color has-primary-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-4d466591 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--primary,#20242e);color:var(--wp--preset--color--base,#ffffff);padding-top:3rem;padding-bottom:3rem;padding-left:1.5rem;padding-right:1.5rem\">\n<h2 class=\"wp-block-heading has-text-align-center has-base-color has-text-color\">Planning to buy or sell a business in Coral Gables or South Florida? Talk with KEW Legal about your transaction.<\/h2>\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-0aa01211 wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Call 305-990-2300 or Schedule a Consultation<\/a><\/div><div class=\"wp-block-button chg-cta chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Call 305-990-2300 or Schedule a Consultation<\/a><\/div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coral Gables business acquisition and sale lawyer for buyers and sellers. Letters of intent, due diligence, purchase agreements, closing.<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"chg_review":"{\"v\": 1, \"checked_at\": \"2026-10-10T15:47:10+00:00\", \"checked\": true, \"jurisdiction\": \"Florida\", \"claims\": [{\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0607\/Sections\/0607.0151.html\", \"cite\": \"Fla. Stat. \u00a7 607.0151\", \"heading\": \"Filings.\", \"support\": \"in lieu of a filing otherwise required under this chapter, the corporation must file articles of validation in accordance with this section\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (a) Any previous filing requires any change to the filing to give effect to the defective corporate action in accordance with this section, including, but not limited to, a change to the date and time of the effectiveness of such filing; or (b) A filing was not previously filed in respect of the defective corporate action, in lieu of a filing otherwise required under this chapter, the corporation must file articles of validation in accordance with this section, and such articles of validation will serve to amend or be a substitute for any other filing with respect to such defective corporate action required by this chapter. (2) The articles of validation must specify all of the following: \u2026\", \"sentence\": \"Entity changes may require filings with the Florida Division of Corporations (Sunbiz).\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0500-0599\/0542\/Sections\/0542.335.html\", \"cite\": \"Fla. Stat. \u00a7 542.335\", \"heading\": \"Valid restraints of trade or commerce.\", \"support\": \"so long as such contracts are reasonable in time, area, and line of business\", \"verdict\": \"supported\", \"law_text\": \"\u2026 542.18 and subsection (2), enforcement of contracts that restrict or prohibit competition during or after the term of restrictive covenants, so long as such contracts are reasonable in time, area, and line of business, is not prohibited. In any action concerning enforcement of a restrictive covenant: (a) A court shall not enforce a restrictive covenant unless it is set forth in a writing signed by the person against whom enforcement is sought. \u2026\", \"sentence\": \"**Non-compete covenants.** Whether a non-compete can be enforced in Florida depends on how it is written and what it restricts, so the agreement should be reviewed before an employee signs it or leaves the business.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0500-0599\/0542\/Sections\/0542.335.html\", \"cite\": \"Fla. Stat. \u00a7 542.335\", \"heading\": \"Valid restraints of trade or commerce.\", \"support\": \"In the case of a restrictive covenant sought to be enforced against the seller of all or a part of:\", \"verdict\": \"supported\", \"law_text\": \"\u2026 A partnership interest, or d. A limited liability company membership, or e. An equity interest, of any other type, in a business or professional practice, a court shall presume reasonable in time any restraint 1 year or less in duration and shall presume unreasonable in time any restraint more than 3 years in duration. 3. In the case of a restrictive covenant sought to be enforced against the seller of all or a part of: a. The assets of a business or professional practice, or b. The shares of a corporation, or c. A partnership interest, or d. A limited liability company membership, or e. \u2026\", \"sentence\": \"The statute treats covenants tied to a sale differently from employee covenants.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0200-0299\/0213\/Sections\/0213.758.html\", \"cite\": \"Fla. Stat. \u00a7 213.758\", \"heading\": \"Transfer of tax liabilities.\", \"support\": \"A transferee, or a group of transferees acting in concert, of more than 50 percent of a business, assets of a business, or stock of goods of a business is liable for any unpaid tax owed by the transferor arising from the operation of that business unless:\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (3) A taxpayer who is liable for taxes with respect to a business who transfers the taxpayer\u2019s business, assets of the business, or stock of goods of the business must file a final return and make full payment within 15 days after the date of transfer. (4)(a) A transferee, or a group of transferees acting in concert, of more than 50 percent of a business, assets of a business, or stock of goods of a business is liable for any unpaid tax owed by the transferor arising from the operation of that business unless: 1.a. \u2026\", \"sentence\": \"**Successor tax exposure.** A transferee of more than 50 percent of a business, its assets, or its stock of goods can owe the transferor's unpaid tax.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0700-0799\/0726\/Sections\/0726.106.html\", \"cite\": \"Fla. Stat. \u00a7 726.106\", \"heading\": \"Transfers fraudulent as to present creditors.\", \"support\": \"if the debtor made the transfer or incurred the obligation without receiving a reasonably equivalent value in exchange for the transfer or obligation and the debtor was insolvent at that time\", \"verdict\": \"supported\", \"law_text\": \"(1) A transfer made or obligation incurred by a debtor is fraudulent as to a creditor whose claim arose before the transfer was made or the obligation was incurred if the debtor made the transfer or incurred the obligation without receiving a reasonably equivalent value in exchange for the transfer or obligation and the debtor was insolvent at that time or the debtor became insolvent as a result of the transfer or obligation. (2) A transfer made by a debtor is fraudulent as to a creditor whose claim arose before the transfer was made if the transfer was made to an insider for an antecedent debt, the debtor was insolvent at that time, and the insider had reasonable cause to believe that the debtor was insolvent. History: s. 6, ch. 87-79.\", \"sentence\": \"**Pre-sale cash moves.** A transfer made while the seller is insolvent, without reasonably equivalent value, can be challenged by earlier creditors (Fla. Stat. \u00a7 726.106).\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8701.html\", \"cite\": \"Fla. Stat. \u00a7 620.8701\", \"heading\": \"Purchase of dissociated partner\u2019s interest.\", \"support\": \"the partnership shall cause the dissociated partner\u2019s interest in the partnership to be purchased\", \"verdict\": \"supported\", \"law_text\": \"\u2026 620.8801, the partnership shall cause the dissociated partner\u2019s interest in the partnership to be purchased for a buyout price determined pursuant to subsection (2). (2) The buyout price of a dissociated partner\u2019s interest is the amount that would have been distributable to the dissociating partner under s. \u2026\", \"sentence\": \"When a partner leaves without ending the partnership, the partnership must buy that interest.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8701.html\", \"cite\": \"Fla. Stat. \u00a7 620.8701\", \"heading\": \"Purchase of dissociated partner\u2019s interest.\", \"support\": \"If no agreement for the purchase of a dissociated partner\u2019s interest is reached within 120 days after a written demand for payment, the partnership shall pay, or cause to be paid, in cash to the dissociated partner the amount the partnership estimates to be the buyout price and accrued interest\", \"verdict\": \"supported\", \"law_text\": \"\u2026 620.8702. (5) If no agreement for the purchase of a dissociated partner\u2019s interest is reached within 120 days after a written demand for payment, the partnership shall pay, or cause to be paid, in cash to the dissociated partner the amount the partnership estimates to be the buyout price and accrued interest, reduced by any offsets and accrued interest under subsection (3). \u2026\", \"sentence\": \"If no agreement is reached within 120 days after written demand, the partnership must pay its estimate in cash, with accrued interest (Fla. Stat. \u00a7 620.8701).\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0502.html\", \"cite\": \"Fla. Stat. \u00a7 605.0502\", \"heading\": \"Transfer of transferable interest.\", \"support\": \"A transfer of a transferable interest in violation of a restriction on transfer contained in the operating agreement is ineffective as to a person who has knowledge or notice of the restriction at the time of transfer.\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (5) A limited liability company need not give effect to a transferee\u2019s rights under this section until the company knows or has notice of the transfer. (6) A transfer of a transferable interest in violation of a restriction on transfer contained in the operating agreement is ineffective as to a person who has knowledge or notice of the restriction at the time of transfer. (7) Except as otherwise provided in s. 605.0602(5)(b), if a member transfers a transferable interest, the transferor retains the rights of a member other than the transferable interest transferred and retains all the duties and obligations of a member. \u2026\", \"sentence\": \"**Owners with transfer limits.** An LLC transfer made against an operating agreement restriction is ineffective against someone who knew of that restriction (Fla. Stat. \u00a7 605.0502).\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0607\/Sections\/0607.0627.html\", \"cite\": \"Fla. Stat. \u00a7 607.0627\", \"heading\": \"Restriction on transfer of shares and other securities.\", \"support\": \"Obligate the shareholder first to offer the corporation or other persons (separately, consecutively, or simultaneously) an opportunity to acquire the restricted shares;\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (a) To maintain the corporation\u2019s status when it is dependent on the number or identity of its shareholders; (b) To preserve exemptions under federal or state securities law; or (c) For any other reasonable purpose. (4) A restriction on the transfer or registration of transfer of shares may: (a) Obligate the shareholder first to offer the corporation or other persons (separately, consecutively, or simultaneously) an opportunity to acquire the restricted shares; (b) Obligate the corporation or other persons (separately, consecutively, or simultaneously) to acquire the restricted shares; \u2026\", \"sentence\": \"Corporate share restrictions may require a holder to offer shares first to the company or others (Fla. Stat. \u00a7 607.0627).\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0200-0299\/0213\/Sections\/0213.758.html\", \"cite\": \"Fla. Stat. \u00a7 213.758\", \"heading\": \"Transfer of tax liabilities.\", \"support\": \"is liable for any unpaid tax owed by the transferor arising from the operation of that business unless:\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (4)(a) A transferee, or a group of transferees acting in concert, of more than 50 percent of a business, assets of a business, or stock of goods of a business is liable for any unpaid tax owed by the transferor arising from the operation of that business unless: 1.a. The transferor provides a receipt or certificate of compliance from the department to the transferee showing that the transferor has not received a notice of audit and the transferor has filed all required tax returns and has paid all tax arising from the operation of the business identified on the returns filed; and b. \u2026\", \"sentence\": \"Tax claims can follow a transfer, so buyers should check tax status either way.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0105.html\", \"also\": [{\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0105.html\", \"cite\": \"Fla. Stat. \u00a7 605.0105\", \"heading\": \"Operating agreement; scope, function, and limitations.\", \"support\": \"To the extent the operating agreement does not otherwise provide for a matter described in subsection (1), this chapter governs the matter.\", \"law_text\": \"\u2026 (b) The rights and duties under this chapter of a person in the capacity of manager. (c) The activities and affairs of the company and the conduct of those activities and affairs. (d) The means and conditions for amending the operating agreement. (2) To the extent the operating agreement does not otherwise provide for a matter described in subsection (1), this chapter governs the matter. (3) An operating agreement may not do any of the following: (a) Vary a limited liability company\u2019s capacity under s. 605.0109 to sue and be sued in its own name. (b) Vary the law applicable under s. 605.0104. (c) Vary the requirement, procedure, or other provision of this chapter pertaining to: 1. Registered agents; or 2. \u2026\"}], \"cite\": \"Fla. Stat. \u00a7 605.0105\", \"heading\": \"Operating agreement; scope, function, and limitations.\", \"support\": \"Except as otherwise provided in subsections (3) and (4), the operating agreement governs the following: (a) Relations among the members as members and between the members and the limited liability company.\", \"verdict\": \"supported\", \"law_text\": \"(1) Except as otherwise provided in subsections (3) and (4), the operating agreement governs the following: (a) Relations among the members as members and between the members and the limited liability company. (b) The rights and duties under this chapter of a person in the capacity of manager. (c) The activities and affairs of the company and the conduct of those activities and affairs. (d) The means and conditions for amending the operating agreement. \u2026\", \"sentence\": \"Subject to certain exceptions in Florida's LLC statute, the operating agreement governs relations among the members as members and between the members and the limited liability company, and to the extent the agreement does not otherwise provide for such a matter, the statute's chapter governs it.\"}], \"languages\": [{\"code\": \"en\", \"post_id\": 128}, {\"code\": \"es\", \"post_id\": 129}]}","chg_sendback":"","chg_canonical":"","chg_lang":"","chg_hreflang":"[{\"hreflang\": \"en\", \"href\": \"https:\/\/kewlegal.com\/resources\/business-acquisition-and-sale-lawyer-coral-gables\/\"}, {\"hreflang\": \"es\", \"href\": \"https:\/\/kewlegal.com\/resources\/es\/abogado-compraventa-empresas-coral-gables\/\"}, {\"hreflang\": \"x-default\", \"href\": \"https:\/\/kewlegal.com\/resources\/business-acquisition-and-sale-lawyer-coral-gables\/\"}]","chg_jsonld":"[{\"name\": \"Business Acquisition and Sale Legal Counsel\", \"@type\": \"Service\", \"about\": [\"Letter of intent\", \"Due diligence\", \"Asset purchase agreement\", \"Membership interest purchase agreement\", \"Business sale closing\"], \"@context\": \"https:\/\/schema.org\", \"audience\": {\"@type\": \"BusinessAudience\", \"audienceType\": \"Business owners planning a sale, buyers and investors acquiring an existing business, and partners or family members handling a business transfer\"}, \"provider\": {\"@type\": \"Organization\", \"@id\": \"https:\/\/kewlegal.com\/resources\/#organization\", \"name\": \"KEW Legal\", \"url\": \"https:\/\/kewlegal.com\/\"}, \"speakable\": {\"@type\": \"SpeakableSpecification\", \"cssSelector\": [\"article > p:first-of-type\", \".wp-block-details p\", \"article > h1\"]}, \"areaServed\": [{\"name\": \"Miami-Dade County, Florida\", \"@type\": \"AdministrativeArea\"}, {\"name\": \"Broward County, Florida\", \"@type\": \"AdministrativeArea\"}], \"description\": \"Legal counsel for buyers and sellers of operating businesses in Florida, covering asset sales and equity (membership or stock) sales, including letter of intent review, due diligence coordination, purchase agreement drafting and negotiation, and closing and post-closing items.\", \"serviceType\": \"Business acquisition and sale legal services\", \"termsOfService\": \"Fee and cost structure is provided in writing. 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