Whether you are buying or selling, a business sale transaction demands experienced legal counsel. Our Chicago business sale attorneys represent both buyers and sellers in business transfers across Finance, Manufacturing, Technology, delivering the strategic guidance and personal attention that high-stakes transactions require.
Our managing partner provides selective business sale transaction law counsel to clients in Chicago and nationwide, including:
We engage selectively with capitalized founders and investors in Chicago and nationwide:
Chicago is the Midwest's M&A powerhouse, with deep deal activity in manufacturing, food & beverage, financial services, and healthcare. The city's central location and transportation infrastructure make it a hub for logistics and distribution company acquisitions. Chicago's robust private equity community - including firms like GTCR, Madison Dearborn, and Duchossois Capital - drives significant lower middle-market deal flow.
Chicago offers a balanced deal market with strong fundamentals - valuations are more reasonable than coastal markets while target quality remains high. The region's manufacturing base creates consistent opportunities for PE-backed platform builds.
The Chicago metro area's diversified economy and central location make it ideal for platform acquisitions with national expansion potential. The region's deep talent pool in engineering, finance, and operations supports post-acquisition growth.
Illinois enacted strict non-compete reform in 2022 - agreements are unenforceable for employees earning under $75,000 (increasing annually), and employers must advise employees to consult counsel before signing, affecting how buyers retain key personnel post-acquisition.
We bring sophisticated securities law expertise to Chicago's diverse business landscape, serving both established corporations and growth-stage companies.
A structured, methodical approach to business sale transaction law
We review the proposed deal, understand your objectives (whether buying or selling), and develop a legal strategy tailored to your specific transaction and timeline.
We structure the transaction to optimize risk allocation, tax treatment, and operational continuity, whether as an asset purchase, stock purchase, or membership interest transfer.
Managing Partner Alex Lubyansky oversees legal due diligence, identifying risks and opportunities that directly inform the purchase agreement and deal terms.
We draft or negotiate the purchase agreement and all ancillary documents, ensuring every term reflects your interests and addresses the specific risks in your deal.
We manage the closing checklist, coordinate with lenders, brokers, and opposing counsel, and ensure all conditions are met for a timely and clean closing.
"A lot of attorneys jump in and fight every single thing on the front end and sour the relationship so quickly that it ends immediately. A properly staged engagement resolves issues early, without destroying the deal."
Restricted by salary threshold ($75,000+). Mandatory 14-day review period.
Entity mergers and conversions are filed with the Illinois Secretary of State, Business Services Department. Bulk asset purchases require notification to the Department of Revenue and obtaining Form ST-4 clearance. The Illinois Securities Department may need to be notified for certain stock transactions.
Submit your transaction details for a preliminary assessment by our managing partner.
Your transaction details are under review. If there is alignment, we will be in touch.
Meanwhile, feel free to call us directly at (248) 266-2790
Common questions from Chicago clients
Submit your transaction details for a preliminary assessment by our managing partner
Submit Transaction DetailsIn-depth guides to help you prepare for your transaction
How legal counsel protects sellers throughout the transaction.
Read guideStrategic planning for maximizing value when selling your business.
Read guideRegulatory and transactional considerations specific to healthcare deals.
Read guideCommon deal-killers and how experienced counsel helps prevent them.
Read guideStructured exit planning from initial valuation through closing.
Read guideOur managing partner provides selective business sale transaction law counsel for transactions nationwide. Submit your transaction details for a preliminary assessment.
Submit transaction details for review. We engage selectively with capitalized buyers and sellers.
Your transaction details are under review. If there is alignment, we will be in touch.
Meanwhile, feel free to call us directly at (248) 266-2790
Selective M&A practice - Nationwide reach - Managing partner on every deal