AboutCarlos Jaramillo Expertise I am certified Business Broker. I can help any questions that business owners may have relating to the sale of their business, or I can help answer any question relating to the purchase of a privately held business/company. I can help with due-diligence questions, Purchase Agreements, Letters of Intent, and all general questions relating to this subject matter.
Experience I am a certified Business Broker with over 5 years expertise. Our firm, Murphy Business, is one of the largest and most successful Business Brokerage houses in the Country. We average over 300 businesses sold annually. Our clients range from small grocery stores, to large manufacturing companies. Annual revenue for these companies will typically range from $250,000 to $15,000,000.
Organizations Murphy Business & Financial Corp.
National Equipment and Business Builders Institute
Society of Business Annalists
Business Brokers Network
International Business Brokers Association
Georgia Association of Business Brokers
Business Brokers of Florida
Georgia Hispanic Chamber
Education/Credentials B.S.- International Business (EAFIT)
B.S.- Economics (University of Texas)
CMEA - Machinery and Equipment Appraiser (NEBB)
Real Estate Agent - Georgia RE Commission
Real Estate Agent - Florida RE Commission
Awards and Honors 2003 New Business Broker of the Year (Murphy Business)
2006 Million Dollar Club Award (Murphy)
2006 Million Dollar Plus Award (BBF)
Question I own an LLC and am selling the assets, the contracts, the name and the web site but not the LLC. The new owner will be running the company under a new LLC. Is the new owner liable of the express or implied warranty of the products (approximate $300 case)to provide repair or replacement.. Also, can he change the warranty. I will be dissolving the current LLC
Answer Randy,
I am not sure what you are asking me. I think you want to know if the buyer will have to honor the warranty you extended to your clients. This is more complicated than a simple yes or no. You have to think about what this represents for the person having to honor a warranty. Will the buyer be operating in the same location as you or using the same DBA? Is there an expense associated with warranty work? Who pays for it? Who benefited from the sale of warranty? was it an additional expense to the customer? If Buyer does not honor warranty will this hurt the business?
See my point? Certainly if you benefited and he will be penalized by warranty work than some sort of arrangement should be made where you limit his exposure to additional expenses.
