Buying a Business

Every industry has unique legal requirements when it comes to acquisitions. Lease assignments, regulatory approvals, licensing transfers, and industry-specific due diligence items can make or break your deal. Select your industry below for a targeted legal guide.

50 industry guides - Nationwide M&A counsel - Senior counsel on every deal

High-Value Acquisitions

Buying a Hotel

$1M - $50M+ - Entity Purchase or Asset Purchase (often includes real estate)

Hotel franchise Real estate title, survey, and any encum
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Buying a Gas Station

$500K - $5M - Asset Purchase (environmental liability is a primary concern)

Environmental liability Fuel supply agreements
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Buying a Dental Practice

$300K - $3M - Asset Purchase

HIPAA compliance for patient record tran Insurance credentialing timeline
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Buying a Insurance Agency

$200K - $10M+ - Asset Purchase (book of business)

Carrier appointment transfers and consen Book of business ownership
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Buying a SaaS Company

$100K - $50M+ - Asset Purchase or Stock Purchase

IP ownership Customer subscription agreements
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Buying a Storage Facility

$1M - $20M+ - Asset Purchase or Entity Purchase (with real estate)

Real property title review and environme Tenant lease audit
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Buying a Veterinary Practice

$500K - $5M - Asset Purchase

DEA registration State veterinary board licensing
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Buying a Medical Practice

$300K - $10M+ - Asset Purchase (or Management Company structure in CPOM states)

Corporate Practice of Medicine DEA registration
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Buying a Physical Therapy Practice

$300K - $3M - Asset Purchase

Medicare Part B enrollment CPOM considerations in states where phys
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Buying a Urgent Care Clinic

$500K - $5M - Asset Purchase (with CPOM-compliant structure in applicable states)

Corporate Practice of Medicine Payer credentialing
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Buying a Optometry Practice

$300K - $2M - Asset Purchase

State optometry licensing Managed care contract re-enrollment
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Buying a Roofing Company

$500K - $5M - Asset Purchase

Contractor license transfer Warranty liability
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Buying a Amazon FBA Business

$100K - $5M - Asset Purchase

Amazon account transfer prohibition Trademark and IP assignment
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Buying a Funeral Home

$500K - $5M - Asset Purchase (with real property component)

State funeral director licensing FTC Funeral Rule compliance
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Buying a Home Health Agency

$300K - $5M - Asset Purchase (with specific Medicare certification transfer procedures)

Medicare CHOW State home health agency licensure
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Buying a Medical Spa

$300K - $3M - Asset Purchase (with CPOM-compliant physician ownership structure)

Physician ownership and CPOM DEA registration
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Buying a eCommerce Business

$100K - $10M - Asset Purchase

Domain and trademark assignment Platform account transfer
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More Industries

Buying a Restaurant

$100K - $3M - Asset Purchase

Commercial lease assignment and landlord Liquor license transfer or new applicati
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Buying a Pharmacy

$300K - $5M - Asset Purchase

DEA registration transfer for controlled State pharmacy board licensing and chang
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Buying a Auto Dealership

$1M - $50M+ - Asset Purchase or Entity Purchase

Manufacturer Floor plan financing transfer or new flo
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Buying a Manufacturing Business

$500K - $20M+ - Asset Purchase or Stock Purchase

Customer contract assignment and change- Equipment appraisals, liens, and mainten
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Buying a E-commerce Business

$50K - $10M+ - Asset Purchase

Platform account transfers Intellectual property
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Buying a Construction Company

$500K - $20M+ - Asset Purchase or Stock Purchase

Contractor license requirements and tran Surety bonding capacity and bonding comp
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Buying a Accounting Firm

$200K - $5M - Asset Purchase (client list)

Client retention provisions Seller transition support
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Buying a Home Services Business

$200K - $5M - Asset Purchase

Contractor license requirements and stat Recurring service agreement and maintena
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Buying a Pest Control Business

$300K - $5M - Asset Purchase

EPA pesticide applicator licenses Chemical storage and disposal
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Buying a Auto Repair Shop

$150K - $2M - Asset Purchase

Environmental liability State motor vehicle repair license
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Buying a Liquor Store

$200K - $2M - Asset Purchase

Liquor license transfer License type and privileges
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Buying a Bar

$100K - $1.5M - Asset Purchase

On-premise liquor license transfer Dram shop liability
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Buying a Motel

$1M - $10M - Real Estate Purchase + Business Assets

Franchise or flag agreement review PIP
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Buying a Coffee Shop

$50K - $500K - Asset Purchase

Commercial lease assignment Franchise or licensed concept restrictio
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Buying a Franchise Restaurant

$200K - $3M - Asset Purchase + New Franchise Agreement

Franchise Disclosure Document Franchisor transfer approval
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Buying a Self-Storage Facility

$1M - $15M - Real Estate Purchase with Business Assets

State self-storage lien law Tenant lease form compliance
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Buying a Mobile Home Park

$1M - $20M+ - Real Estate Purchase with Operating Business

State tenant protection laws Tenant right of first refusal
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Buying a Daycare Center

$200K - $2M - Asset Purchase

State childcare licensing Staff-to-child ratios
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Buying a Gym

$100K - $2M - Asset Purchase

State health club statute compliance Membership contract assignability
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Buying a Brewery

$300K - $5M - Asset Purchase

TTB Brewer's Notice State manufacturer's license
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Buying a Dry Cleaning Business

$100K - $800K - Asset Purchase

PCE environmental contamination Phase I and Phase II environmental asses
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Buying a Convenience Store

$150K - $3M - Asset Purchase (often includes fuel component and/or real property)

Underground storage tank Fuel supply agreement
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Buying a Staffing Agency

$500K - $10M - Asset Purchase or Entity Purchase

Co-employment liability Workers' compensation insurance tail
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Buying a RV Park

$500K - $10M - Real Estate Purchase with Operating Business

Zoning Private water and sewer systems
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Buying a Law Firm

$200K - $5M - Book of Business Purchase / Practice Group Acquisition

Rule 1.17 compliance Client consent
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