Buying a Business in Indiana

Investing in a business can be profitable for companies and private parties. The transaction can be complicated, however.

Specific regulations concerning mergers, acquisitions, negotiations or securities exchanges may be implicated when you buy a business. These areas are all governed by Federal and Indiana law.

What Parts of the Business Am I Buying?

The purchase of a business in Hartford City is actually the buying of a right called "control". With this right, a party can direct business operations as it sees fit, it acquires ownership of business assets, and it assumes liability for all 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 Indiana guidelines are used to inform both parties. If there is a deviation from these guidelines, one party may be held legally accountable. 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 purchased.

How Much Will the Business Cost?

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

How Can a Hartford City Attorney Help?

The laws in Indiana place many unique demands on parties seeking to purchase businesses. An attorney in Hartford City, Indiana can inform you of the particularities of your investment as it relates to local law, as well as advise you of the least costly route to acquiring control.