Buying a Business in Florida

Purchasing a business can be an beneficial 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 occasionally come into play during the purchase of a business

What Parts of the Business Am I Buying?

A purchaser of a business in St. Lucie County gains a right called "control", which is the right to direct the business operations as they see fit. Control involves ownership of the business assets and customers, along with the company's 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. Through due diligence, federal and Florida guidelines are used to inform both parties, and there may be legal consequences for not following these guidelines 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?

The cost of a business mostly depends on how much ownership stake is required for control. The value of the business property and the type of business are also important factors. The procedure for how the right of control can be transferred or modified is defined by particular laws in Florida. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a St. Lucie County Attorney Help?

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