Practice Areas
Blog 
Business Transactions
- Product Labeling Law: ANSI, UL, CPSC - Some Thoughts for Product Importers and Distributors
- Buying a Car Wash In NY or NJ: Some Thoughts for Purchasers
- Buying a Gas Station or Car Wash you Need Landlord Consent - No Matter What the Lease Says
- $22 Million New York City Entrepreneur Fund Created for Starting Businesses in New York City
- Small Business Commercial Lease Agreements in New York: Limiting your Personal Guaranty may Not be Enough
Legal News
- "Must Use" Online Resources When Buying a Business or Franchise...
Posted on 1/13/2011
Library
Business Transactions
- CPSC Reporting Requirements: Knowing When to Report a Product Defect
- Three Things You Need to Remember About Your Product Warranties
- FTC's "Environmental" Marketing Rules: What Manufacturers, Distributors and Franchisors Need to Know
- Proposition 65: Information that Product Manufacturers and Distributors Need to Know
- Prop 65 Warning Requirements for Product Manufacturers and Distributors
The Importance of Goodwill when Buying a Business
The goodwill of a business, the intangible asset that is also identified as the income and earnings potential of a business, is the most important and most difficult asset to value. In evaluating this intangible asset, you are essentially evaluating the potential of the business and, in many instances, will be relying on subjective assessments. At a minimum, it is critical for a purchaser to collect as much information about the business, participate in the businesses operating activities and review the financial records and information with your business accountant and, if necessary, an accredited business appraiser. At each stage of this valuation process, your business attorney must coordinate with your accountant and/or valuation professional to ensure that you possess the appropriate due diligence opportunities and options in your purchase agreement.
IMPORTANT DISCLAIMER: The information contained on this website is provided for general educational purposes only, should not be relied on as legal advice and does not serve to create an attorney client relationship. In utilizing this website you acknowledge that there is no attorney client relationship between you and Charles N. Internicola, Esq. and that the information contained on this site does not and cannot serve as a replacement for the competent legal advice of a licensed attorney in your state. The content of this website is subject to the Copyright of its author, Charles N. Internicola, Esq.
Click here to view our privacy policy
Search
More Information
To obtain information about our business and franchise law services complete the form below:
Charles N. Internicola, Esq.
New York, New Jersey
and Nationwide Legal Representation
1610 Richmond Road
Staten Island, NY 10304
Phone: 718. 979. 8688
Toll Free: 800. 976. 4904
Get Directions
Note:
Your information is confidential and is not used or sold for marketing purposes. We accept no duty and no representation without a written contract setting forth terms of representation.