How Internet Lawyer Mike Young Can Help You Buy an Internet Business

By | Internet Lawyer | No Comments
buy internet business

Internet Lawyer Mike Young can help you buy an e-commerce company

Internet Lawyer Mike Young, the author of “How to Buy an Internet Business,” helps clients achieve their goals by (1) ensuring that the deal reflects what they want, (2) and protects them from existing and potential risks associated with purchasing an ecommerce company.

How does Mike help clients achieve their goals when buying an Internet business?

Create an Acquisition Blueprint

First, Mike provides a telephone appointment where a game plan is mapped out. Whether you’re still looking for a company to purchase, or have found an e-business you’re ready to buy, your phone consultation is a great way to create a blueprint for putting together the deal.

Prepare Letter of Intent

If you’re ready to make an offer, Mike can prepare a Letter of Intent (LOI) for you to submit to the seller that provides you with numerous protections, including the ability to walk away if you discover information that makes the potential deal unattractive to you.

Perform Due Diligence

Some clients ask Mike to be part of the due diligence process.

He will examine a prospective acquisition to determine whether there are legal issues that need to be resolved. This can include a Professional Website Legal Diagnostic to identify legal dangers that exist on a seller’s website.

Close the Deal

When you’re ready to move forward with closing the deal by purchasing an Internet company, Mike can prepare the legal documents you’ll need for closing. In some cases, he handles the closing so that the purchase can go smoothly.

Get Started Now

How do you get Mike to help you buy an Internet business?

The first step is for you to set up a telephone consultation with Mike using the law firm’s online booking system.

How to Buy an Internet Business

By | Internet Lawyer | No Comments
buy an internet business

“How to Buy an Internet Business” was written for entrepreneurs by Internet Lawyer Mike Young

Just wanted to let you know that my new book, “How to Buy an Internet Business – 12 Steps to Owning Your Own eCommerce Company,” is now available at Amazon in both paperback and Kindle eBook editions.

As the title suggests, this is a how-to guide with easy-to-understand steps for finding the right Internet business for you and buying it at a fair price.

Although the book does contain legal information in plain English, it’s also a business guide that covers issues like financing your purchase and determining a company’s value to you before making an offer.

By the way, this book is written for Internet business owners, not for lawyers.

Of course, after reading the book, feel free to email me with your thoughts. Your feedback is important for determining what to include in future editions.

Buy or Sell an Internet Business

By | Internet Lawyer, Website Lawyer, Website Legal Documents | No Comments
buy or sell internet business

When you’re ready to buy or sell an Internet business, an Internet lawyer plays a key role in making the deal go smoothly.

Are you looking to sell an Internet business or to buy one? Did you know that when an Internet business is bought or sold, the seller and the buyer struggle to legally protect themselves?

What Internet Lawyer Mike Young does is map out a game plan for the deal and prepares the right legal documents so that his client is protected and the sale of the Internet business gets done as quickly and smoothly as possible.

If you’re buying or selling an Internet business* with a price tag that’s at least $100,000, it’s time to talk with Mike about getting your deal done right and with peace of mind.

*Please note that Mike will not handle business sales or purchases involving publicly traded companies, pornography, multilevel/network marketing, and/or alternative “cures” for medical problems.

How to Buy an Internet Business

By | Internet Lawyer, Website Lawyer, Website Legal Documents | No Comments
buy an internet business

Should you buy an Internet business?

When you buy an online business, as a general rule, you will probably want to purchase the company’s assets rather than the owners’ equity (corporate stock, LLC membership equity interests, etc.).

Why?

Assets you may want to buy include the domain name, website content, client lists, and software.

Why purchase an Internet business’ assets?

Although an equity purchase might be easier from a paperwork standpoint, you also assume many potential legal risks by stepping into the shoes of the seller(s). For example, you do not want to clean up a mess if the seller’s company hasn’t observed corporate formalities or engaged in shady behavior.

In contrast, buying the assets of an Internet business (and placing them in your own business entity) reduces these risks. Let the seller(s) worry about any problems with their business entity rather than selling those potential liabilities to you.

Of course, there may be different tax consequences to a hard asset purchase than an equity purchase.

For this reason, when you buy an Internet business, you’ll want to work with your Internet lawyer and your accountant to structure the deal to protect you both from legal risks and unnecessary tax liabilities.

Update – How to Buy an Internet Business: 12 Steps to Owning Your Own eCommerce Company

Since this article was first posted, I’ve written a book that reveals in 12 simple steps how you can buy an Internet business. It’s available in paperback and Kindle ebook formats at Amazon.com.