Buying a Business in Indiana

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

Particular 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?

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. A complete picture of the financial position of the business is important for the purchaser to make his decision. This picture is acquired through a process called "due diligence". Federal and Indiana guidelines are used in the process of due diligence, and not using these guidelines can lead to legal consequences. Following the process of due diligence dutifully is the best way to inform oneself for whether to purchase 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?

The price of a business depends on the value of the ownership stake that is necessary to exert control, and this in turn is determined somewhat by the value of the business property and the type of business. The procedure for how the right of control can be transferred or modified is defined by particular laws in Indiana. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Schererville Attorney Help?

The laws in Indiana place many unique demands on parties seeking to purchase businesses. An attorney in Schererville, 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.