Buying a Business in Arkansas

Purchasing a business can be an beneficial investment for both individuals and companies. However, the transaction is much more complicated than a traditional purchase.

Purchasing a business occasionally involves laws concerning mergers, acquisitions, negotiations or securities exchanges. These fields are governed by Arkansas and Federal law.

What Parts of the Business Am I Buying?

The purchase of a business in Dumas is actually the purchasing of a right called "control". With this right, a party can direct business operations as it sees fit, it acquires ownership of business assets, and it assumes liability for all business debts. A complete picture of the financial position of the business is important for the purchaser to make his decision. This picture is acquired through a process called "due diligence". Federal and Arkansas guidelines define the process of due diligence, and occasionally legal consequences arise when these procedures are not followed properly. However, the best informed decision about whether to buy the business can only be obtained through obedience to the due diligence process. Added benefits also include a smoother transition once the business is bought.

How Much Will the Business Cost?

How much the right of control will cost depends on how much ownership stake is required. The value of the property of the business might add to the price as well. The procedure for how the right of control can be transferred or modified is defined by particular laws in Arkansas. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Dumas Attorney Help?

Arkansas poses unique demands that a party purchasing a business must meet. Lawyers practicing in Dumas are experienced in Arkansas law, and can find the cheapest way for you to purchase control of a business.