Buying a Business in Georgia

Find the right Buying a Business attorney in Griffin, GA

Buying a Business in Georgia

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

Federal and Georgia 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?

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 balance the positives and negatives, the party buying a business must get a complete picture of the financial position of the business. Through a process called "due diligence", a buyer acquires this understanding. In the process of due diligence, Federal and Georgia guidelines are used to inform both parties. If there is a violation 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 purchase the business. Also, it will help the business to transition more smoothly to new ownership.

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 Georgia. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Griffin Attorney Help?

In Georgia, the law poses requirements for a party purchasing a business to fulfill. An attorney experienced in Georgia law practicing in Griffin 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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Life in Griffin

Griffin is the county seat of Spalding County in the state of Georgia. It has a population of about 23,000 and prides itself in preserving its rich history revolving around early American colonial life.

Griffin is also known as "the Iris City" and is famous for being the birthplace of Wild West gunslinger Doc Holliday, who was a friend of the legendary Wyatt Earp. The city has several museums which showcase artifacts and relics dating back to the 1800's. These include the Griffin Museum and the Doc Holliday Museum.

Popular places to visit in Griffin are the Sam Bailey Building, the Old Medical College Historical Area, and Hawkes Library. The city holds many events year-round such as the Fourth of July Parade, the November Chili Cook-off, the April Arts and Crafts Festival, and the Annual Chamber of Commerce Dinner.

Downtown Griffin is unique in that it incorporates what is known as the "Main Street Four-Point Approach". This is a strategy that focuses on the distinct areas of Design, Promotion, Organization, and Economic Restructuring.

Lawyers in Griffin, Georgia typically file their cases at the Griffin Municipal Court. More advanced claims are heard at the Spalding County Superior Court. Griffin lawyers generally handle a wide variety of legal claims and issues. The Spalding County Courthouse was also an historical landmark in Georgia.

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