Options For When A Seller Overstates The Profitability of A Business
You were all full of dreams when you bought this business but now you have learned that dreams have a way of ending up quite empty. The business you bought isn’t quite how the seller claimed it to be and you are stuck wondering what to do next. This article will tell you what to do next.
Real Life Nightmares from Over-stated Business Profitability
When a seller lies (euphemistically labelled overstates) the turnover of a business, they have likely turned your dream into a real life nightmare. Now you are faced will dealing with numbers that are a lot less than what you had expected. You should not simply accept this and struggle to make it work. Instead you should take legal redress by contacting a lawyer for business acquisition dispute. In the next few sections we will talk about the legal solutions that you likely have available to you and how you should go forward with this matter.
Real Life Solutions
Your business dreams that have turned into a real life nightmare has a real world solution. What you have likely been a victim of, you are a victim, is fraud, deceit or negligence. Depending on which one or even all these fall under, you might end up in a criminal law court or in a civil court. You might have the option to decide which direction to seek retribution. Your lawyer will be able to advise you which will be the better route. Hopefully you can resolve the dispute without having to go to court which will be a lot easier, quicker and less cost too.
Finding The Right Auckland Lawyer For A Business Acquisition Dispute
Now with all of these legal matters you will need a lawyer. You will not just need your local lawyer but one which has experience in dealing with business acquisition disputes. This is probably the most important thing that you must do.
You can approach the Auckland District Law Society and ask them about lawyers who specialise in this field. Ask for a list of say five different law firms and then do your own research on the Internet about these lawyers. Learn if they have won cases like the one you have, find out what past clients have to say about them. Or you can do a search in Google for something like “Auckland Lawyer For A Business Acquisition Dispute“. Again select a few of the firms you find and then conduct further research about them.
As you can see, you do have recourse when a seller overstates the turnover of a business that they have sold to you. The mis-information that they have told to you does come with consequences and you do have recourse. In some cases this is a criminal act and in other situations it might be more of a case for civil dispute and lead to a tort case due to their negligence. Regardless of which court has jurisdiction over this case, you will need a company purchase dispute lawyer in Auckland to help you sort things out and recover any losses than you have faced due to the actions of the seller of the business.
A quick search in Google will show that McVeagh Fleming is one of the top law firms for this type of legal problem. Click through to their website at http://www.mcveaghfleming.co.nz/so you can get more background on them.