Buying a Business in Arizona

Queen Creek Buying a Business Attorneys, AZ

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

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

What Parts of the Business Am I Buying?

If a party wants to direct business operations, the best way is to acquire a right called "control". With control of a business, the party gains all assets and the customer base of the business, plus it also assumed the company's debts. To make his decision, a purchaser will want a complete picture of the financial position of the business. Through a process called "due diligence", a company's financials become clear. Through due diligence, federal and Arizona guidelines are used to inform both parties, and there may be legal consequences for not following these guidelines properly. However, obedience to the process of due diligence leads to a better informed decision about purchasing the business. And afterwards, it may also help the ownership transfer to go more smoothly.

How Much Will the Business Cost?

The price of a business depends on the value of the ownership stake that is necessary to exert control, and this in turn is determined somewhat by the value of the business property and the type of business. The procedure for how the right of control can be transferred or modified is defined by particular laws in Arizona. Procedures may make buying a business more or less expensive than simply the market value of its assets.

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How Can a Queen Creek Attorney Help?

In Arizona, the law poses requirements for a party purchasing a business to fulfill. An attorney experienced in Arizona law practicing in Queen Creek can help you comply with these laws and acquire control of the business you want to buy as cheaply as possible.

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