Video Summary:

Introduction

In this transcript from a video by Gale & Vallance, business attorney Andy Gale from Orange County discusses what to avoid when buying a business. Many entrepreneurs underestimate the legal risks that come with purchasing an existing business, and Andy shares insights on the mistakes he sees most often. This video is designed to give you a better understanding of the due diligence process and the importance of working with an experienced business attorney.

To learn more about what to avoid when buying a business and the legal risks involved, check out our detailed article on common mistakes entrepreneurs make during business acquisitions in California.

Please note: this content does not constitute legal advice—we strongly recommend contacting a qualified lawyer to discuss the specifics of your situation.

Transcript

Hi, my name is Andy Gale. I’m a business attorney here in Orange County, California.

Recently, I had a conversation with a client who wasn’t entirely clear on what exactly a corporate lawyer does—or, more importantly, the kinds of people corporate lawyers work with. That got me thinking. I decided it would be helpful to reach out to a number of my clients and start a series of client profiles. This way, potential clients can see the types of businesses and people I work with on a day-to-day basis.

Today’s video marks the first in this series. My goal is to give you a closer look at the real experiences of my clients, so you’ll have a better understanding of both what they do and what I do as a corporate attorney.

I hope you enjoy this series, and if you have any comments or suggestions—such as questions you’d like me to ask my clients—please let me know in the comments below. Thanks for watching.

Conclusion – Legal Mistakes When Buying a Business

When buying a business, it’s essential to understand the legal risks and responsibilities before signing any agreement. From due diligence to compliance with state regulations, missing key steps can expose you to financial loss and legal disputes. If you’re preparing to acquire a business in California, working with an experienced business attorney can help you avoid costly mistakes. For guidance tailored to your situation, contact Gale & Vallance in Orange County today.