Buying a Business in Georgia

Find the right Buying a Business attorney in Thomasville, GA

Buying a Business in Georgia

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 Georgia 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?

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 acquires all assets and the customer base of the business, plus it also assumed the company's 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". The process of due diligence uses Federal and Georgia guidelines to protect both parties. If these guidelines are not followed, a party may be found in breach of a legal duty. Following the process of due diligence dutifully is the best way to inform oneself for whether to buy a business. Also if the business is eventually bought, transfers of ownership happen much more easily once the process is followed.

How Much Will the Business Cost?

How much a business will cost depends on the type of business, how much ownership stake you need to assert control, and the value of the business property. The process for how the right of control can be transferred or modified is defined by specific laws in Georgia. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Thomasville Attorney Help?

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

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Life in Thomasville

Thomasville is located in Thomas County, Georgia, and is the county seat. With a population of 19,000, it is the second largest city in the Southwest Georgia region.

Thomasville is best known as "The City of Roses". The city maintains over 7,000 rose plants located in various spots throughout the city. Many residents also grow their own rose plants for display. A Rose Festival is held every year at the end of April, where rose cultivators from all over the world display their prize rose specimens. The festival includes street shows, dancing, vendor displays, and plentiful selections of food.

The city of Thomasville prides itself on preserving American history and culture. Popular historic sites include the Thomasville Cultural Center, Thomasville Landmarks, and the Thomas County Historical Society Museum of History. The historical sites attract numerous tourists every year.

Thomasville lawyers can usually assist you by filing your claim at the Municipal Court of Thomasville. The municipal court is the first avenue of relief for most types of legal claims. Many lawyers in Thomasville, Georgia are members of the Thomas County Bar Association in addition to the Georgia State Bar.

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