Thinking About Selling Your Business? Watch Out for This Overlooked Legal Pitfall

For many business owners, selling a business is the reward for years of hard work. But amid the excitement of negotiations and a potential payday, there’s a major risk that’s often overlooked: successor liability.

Even after a sale closes, the original owner can still be held responsible for certain business debts, contract disputes, unpaid taxes, employee claims, or lawsuits—especially if the transaction isn’t carefully structured to avoid these risks.

This happens more often than you'd think, particularly in asset sales or when important legal language is missing from the purchase agreement. You might believe you’ve handed over the keys, but the liabilities may still follow you.

That’s where we come in.

At Hoffman Law Offices, we help small business owners navigate the sale process with confidence—flagging risks like successor liability, negotiating strong indemnification clauses, and making sure your exit is legally sound and financially protected.

Selling your business should mean peace of mind—not problems down the road!