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?

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 Indiana guidelines to protect both parties. If these guidelines are not followed, a party may be found in breach of a legal duty. However, due diligence will lead to a better informed decision concerning whether you want to buy the business. Also, it will help the business to transition more smoothly to new ownership.

How Much Will the Business Cost?

How much the right of control will cost depends on how much ownership stake is required. The value of the property of the business may add to the price as well. 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 Shelbyville Attorney Help?

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