Buying a Business in California

Find the right Buying a Business attorney in Long Beach, CA

Buying a Business in California

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

There are Federal and California laws concerning mergers, acquisitions, negotiations and securities exchange that may impact the purchase of a business.

What Parts of the Business Am I Buying?

Purchasing a business in Long Beach is gaining the right to direct business operations. When a party directs operations as they see fit, their right is called ?control? of the business. Like ownership, control includes the right to all the property of the business as well as the assumption of the business debts. Accordingly, the party purchasing a business will want a complete picture of the financial position of the business. Through a process called "due diligence", the financials of the company are disclosed. The process of due diligence uses Federal and California guidelines to protect both parties. If these guidelines are not followed, a party might be found in breach of a legal duty. Following the procedure of due diligence faithfully, however, leads to a better informed decision about the purchase of the business. It can also help the ownership transfer to go more smoothly.

How Much Will the Business Cost?

How much a business will cost varies on the type of business, how much ownership stake you need to assert control, and the value of the business property. The procedure for how the right of control can be transferred or modified is defined by particular laws in California. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Long Beach Attorney Help?

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

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Life in Long Beach

Long Beach, California is best known as "the LBC" by rap and pop music fans. Long Beach is actually the 7th largest city in California with just under 500,000 residents. Recently, Long Beach was named the "Aquatic Capital of the Nation" because the Port of Long Beach is one of the world's largest container ports and plays a substantial part in the global economy. The City of Long Beach is does not only revolve around the port. Many oil, aircraft, automobile, electronics, and home furnishings manufacturing plants are located in Long Beach. The city has seen an influx of new residents since the aerospace and other technology industries have begun to boom. In fact, Boeing produces DC-8s, DC-9s, DC-10s, MD-11s, C-17s, and the Boeing 717 all from their Long Beach production plants. Boeing is the second largest employer in Long Beach in front of California State University Long Beach and behind the Log Beach Unified School District.

Long Beach has obviously made production and transportation one of the cornerstones of the economy so you shouldn't be surprised to find the bevy of ports, busses, airports, freeways, highways and bike paths that have been masterfully incorporated into the city's design. Long Beach announced its vision to become the most bicycle friendly city and has really followed through. The city has identified traffic routes and destinations and created bike routes that are convenient and illustrated on the Long Beach City Bike Map for tourists and locals alike.

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