Buying a Business in Florida

Find the right Buying a Business attorney in Fort Lauderdale, FL

Buying a Business in Florida

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

Federal and Florida 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 Fort Lauderdale 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 buying 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. In the process of due diligence, Federal and Florida guidelines are used to inform both parties. If there is a deviation from these guidelines, one party may be held legally accountable. However, due diligence will lead to a better informed decision concerning whether you want to buy the business. Also, it will help the business to transition more smoothly to new ownership.

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 decided somewhat by the value of the business property and the type of business. The process for how the right of control can be transferred or modified is defined by specific laws in Florida. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Fort Lauderdale Attorney Help?

There are unique requirements in Florida that a party purchasing a business must fulfill. In Fort Lauderdale, an attorney knowledgeable in Florida law can inform you about the peculiarities of your investment and outline the cheapest way for you to purchase control.

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Life in Fort Lauderdale

There are many exciting things to do in Fort Lauderdale. For starts, visitors can enjoy a day at the Lady Helen Fishing Charters, the Antique Car Museum, the Bonnet House Museum and Gardens, the Beachfront, Stranahan House, or the Hugh Taylor Birch State Park. For some great shopping and fine dining, Las Olas Boulevard is the place to go!

Fort Lauderdale has an approximate population of 165,521 people. The area is commonly known as it is a South Florida metropolitan area. Another reason for its popularity is its nickname--"the Venice of America." Fort Lauderdale gets its nickname because the city is filled with many intricate canal systems. This is so to compliment the major yatching center of the city, with 42,000 resident yachts and 100 marinas and boatyards.

There are many great law firms located in Fort Lauderdale. Primarily, there are many small to mid-size law firms located in the area. These firms house excellent attorneys who provide their clients with efficient and personalized legal services. For clients who require large, multinational law firm services, Miami is very near! Larger firms in Miami can serve those specific needs. All in all, Fort Lauderdale proves that there is more to Florida than Disney World and South Beach!

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