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Mergers & Acquisitions (M&A) Attorney

Due Diligence

Uncovering hidden risks and liabilities before you commit to buying or merging with another entity.

  • Legal Audits: Thoroughly reviewing the target company’s contracts, employment records, IP portfolio, and corporate history.
  • Risk Identification: Spotting pending litigation, regulatory compliance gaps, or undocumented debts.
  • Data Room Management: Organizing and managing the secure exchange of confidential documents for sellers.

Designing the transaction framework to maximize financial benefit and minimize post-closing legal exposure.

  • Asset vs. Stock Purchase: Advising on the most advantageous deal structure from a tax and liability standpoint.
  • Letters of Intent (LOI): Drafting the initial term sheets to lock in exclusivity and outline the core deal framework.
  • Definitive Agreements: Negotiating and drafting the complex Purchase Agreements, including representations, warranties, and indemnification clauses.
Mergers & Acquisitions (M&A) Attorney

Buying a business carries a different risk than forming one from scratch: the hidden debts, open lawsuits, or problem contracts of the entity you acquire become your responsibility the day after closing. Yellow Law Group manages the acquisition from the first letter of intent to closing with a single attorney team, protecting your investment against these unseen risks.

Our service covers: legal due diligence on the target company, structuring the deal as a stock purchase or an asset purchase, drafting and negotiating the letter of intent and the purchase agreement, and closing plus post-closing compliance. We handle the technical side; you focus on the future of the business.

If you want to study the steps of the acquisition process, the difference between stock and asset purchases, and the logic of valuation yourself, our guide to buying a business in the USA covers it end to end. This page focuses on running that process under legal management for you.

Due Diligence: Surfacing Hidden Risks Before You Buy

The most critical stage of an acquisition is knowing exactly what you are buying before you pay. Legal due diligence systematically reviews the target's debts, ongoing lawsuits, tax obligations, employee contracts, lease and supply agreements, and licensing status.

Skipping this review can put the entire investment at risk through a tax liability or lawsuit that surfaces after closing. Our attorney team turns the findings into a risk map; that map directly shapes both the buy decision and the price negotiation. When a hidden liability appears, the options are clear: lower the price, secure an indemnity from the seller, or walk away from the deal. For the general framework, the SBA guide to buying an existing business is a practical starting point.

Deal Structure: Stock Purchase or Asset Purchase?

You can buy the same business through two different legal routes, and the choice determines your tax burden, the liabilities you inherit, and your post-closing risk. In a stock purchase, you acquire the company with its entire history, debts included; in an asset purchase, you take only the assets you choose and leave most past liabilities behind.

We determine which structure fits you based on the target's situation and your goals, and we build the deal accordingly. This choice also differs on tax; an asset purchase brings the IRS Form 8594 asset acquisition statement into play. On this page we focus on structuring the right deal on your behalf.

Negotiation, Contract, and Closing Management

An acquisition is a chain of legal documents built in the right order with the right protections. We manage that chain end to end.

  • Letter of Intent (LOI): The first document clarifying the deal's outline and which terms are binding is prepared.
  • Purchase agreement: The stock or asset purchase agreement is drafted and negotiated with representations and warranties, indemnification clauses, and closing conditions.
  • Non-compete: A clause is structured to prevent the seller from reopening the same business after closing and taking back your customers.
  • Earn-out and escrow: Tying part of the payment to performance or to an escrow account is set up to protect both buyer and seller.

On closing day, we coordinate the simultaneous and complete execution of all documents, payments, and transfers.

Acquiring a Business for E-2 and L-1

For Turkish entrepreneurs, acquisition has a special dimension: buying an active business can be a faster and less risky path for the E-2 investor visa than starting from scratch, because the business's track record of revenue and employment strengthens the file. But if the purchase structure is not built at the same table as the immigration file, a visa denial puts both status and investment at risk.

So we run the acquisition and visa process with one team. From showing the purchase price as "at-risk" to the visa condition in the transfer agreement, every detail is built to comply with immigration rules. For entrepreneurs targeting status through investment, our E-2 investor visa service and, for executive transfer, our L-1 transfer service run integrated with the acquisition. We cover which business fits E-2 and the marginality risk in our E-2 business selection guide. If you are weighing forming from scratch instead of buying, our US company formation service manages the alternative route.

Why Yellow Law Group?

Yellow Law Group serves Turkish entrepreneurs from its headquarters in Plano (Texas), with offices in Chicago (Illinois), Irvine (California), Alpharetta (Georgia), and Fairfield (New Jersey). Our attorney team concentrates over 10 years of collective experience at the intersection of business law and immigration; running the acquisition and visa process under one roof spares the founder from shuttling between separate advisors.

In the acquisition files we manage, the most common mistake is a contract signed without due diligence that later returns with a hidden debt. So we start the process with a risk map. You can review our attorney profiles on our team page and schedule an initial consultation about your acquisition through our contact page.

Got Questions? We're on it.

Mergers & Acquisitions (M&A) Attorney • Frequently Asked Questions

The hidden debts, open lawsuits, unpaid taxes, and problem contracts of the company you acquire can become your responsibility after closing. Legal due diligence surfaces these risks before you pay; based on the findings, you can lower the price, secure an indemnity, or walk away. Skipping it puts the entire investment at risk through an unseen liability.

We make the decision together based on the target's situation and your goals. In general, an asset purchase offers the buyer lower risk because it leaves most past liabilities behind; a stock purchase is preferred when licenses or contracts must be preserved. Because the tax and liability difference between the two sets the deal's direction, we settle this at the start.

An LOI's binding nature depends on its terms. Usually price and main conditions are non-binding; but confidentiality, exclusivity, and expense clauses can be binding. The wording of the letter determines which clause binds, so drafting the LOI carefully protects your position in the later negotiation.

Yes. We draft the stock or asset purchase agreement with representations and warranties, indemnification clauses, closing conditions, and the needed protections, and we negotiate it with the other side. The agreement is built in lockstep with the due diligence findings; every risk surfaced in the review gets a protective clause in the contract.

We prevent it with a non-compete clause added to the purchase agreement. The clause bars the seller from reopening the same business within a set time and geographic area and taking back the customers you acquired. Defining the duration and area reasonably and enforceably is critical for the clause to hold up in court.

Yes. An earn-out ties part of the purchase price to the business's post-closing performance; it lowers the buyer's risk and bridges a price gap. Defining the performance targets, the measurement method, and the payment schedule clearly prevents disputes. We structure this together with escrow to protect both you and the seller.

Yes, this is where we differ. Buying an active business is a strong E-2 path because past revenue and employment support the file. We build the acquisition structure at the same table as the immigration rules: showing the purchase price as at-risk, the visa condition in the transfer agreement, and the marginality analysis are handled together. This minimizes the risk of a visa denial.

Payment is made at closing and usually through an escrow mechanism; the funds are held in an independent account until the transfer conditions are met. If there is an E-2 application, structuring the purchase price with an escrow condition tied to visa approval protects your capital in case of denial. We define the timing and conditions clearly in the agreement.

In an asset purchase, the general rule is that you do not automatically inherit the seller's employees; you have flexibility to form new employment relationships. But which employees are taken on and under what terms, along with seniority and contract obligations, depend on state law and the agreement. We clarify this while structuring the deal to prevent surprise obligations.

Yes. As a foreign person you can buy and own a business in the US; no citizenship or green card is required. But working in the business you buy requires an appropriate visa status. Ownership and the right to work are separate matters; structuring the acquisition alongside an E-2 or L-1 strategy is the goal for most entrepreneurs.

The fee is set by the size of the deal, the scope of due diligence, and the complexity of the contract. A small business transfer versus a multi-party deal with an earn-out requires different budgets. After an initial consultation, we provide a clear, itemized quote with no surprise charges. The contract and closing costs of the acquisition are planned separately.

The timeline depends on the complexity of the deal; a typical small-to-mid-size transfer can take from a few weeks to a few months from letter of intent to closing. The scope of due diligence, the length of negotiation, and adding a visa process like E-2 affect the timeline. After the first consultation, we provide a realistic timeline specific to your deal.

Yes. Completing the post-closing transfers, moving licenses and permits to the new owner, renewing employee and supplier contracts, and tracking the earn-out period are part of our service. The same team stays with you for the acquired business's corporate compliance and contract infrastructure.

With our headquarters in Plano (Texas) and offices in Chicago, Irvine, Alpharetta, and Fairfield, we run business acquisition and immigration law under one roof. With over 10 years of collective experience, we start the process with a risk map, manage every stage from due diligence to closing, and integrate the E-2/L-1 visa process when needed. We secure the acquisition from one place without shuttling you between separate advisors.