Selling Your Law Practice: The Profitable Exit Strategy, Including the Fundamentals of Closing a Law Practice
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Selling Your Law Practice: The Profitable Exit Strategy, Including Fundamentals of Closing a Law Practice, is a comprehensive guide to the considerations necessary for the sale or closing of a law practice. In it, Edward Poll gives practical advice on the fundamentals of selling or closing your practice. With this guide you can determine, on a state-by-state basis, whether a sale is permitted and – if so – your state's rules regarding said sale; the ethical questions behind the sale of your practice; and how to evaluate, negotiate, and close the sale. Among other topics, Selling your Law Practice provides real-world guidance on tax implications, the negotiation process, and notifying those related to your practice – be it clients or staff. Information has also been provided to assist those who find themselves in a situation where a sale is not permissible (or desirable).
Includes sample agreements, letters, forms, and financial worksheets, as well as a full listing of state bar rules regarding the sale of a law practice.
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