Buying a Business in Delaware

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

Federal and Delaware law concerning mergers, acquisitions, negotiations and securities exchange sometimes come into play during the purchase of a business

What Parts of the Business Am I Buying?

Buying a business in Sussex County 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. A complete picture of the financial position of the business is important for the buyer to make his decision. This picture is gained through a process called "due diligence". Through due diligence, federal and Delaware guidelines are used to inform both parties, and there may be legal consequences for not following these guidelines properly. Following the process 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?

Control of a business is sold for an amount that is necessary for a party to acquire an ownership stake. The value of the business property and the type of business factor in to determine the exact price. The process for how the right of control can be transferred or modified is defined by specific laws in Delaware. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Sussex County Attorney Help?

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