Buying a Business in Indiana

Investing in a business can be advantageous 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. To make his decision, a buyer will want a complete picture of the financial position of the business. Through a process called "due diligence", a company's financials become clear. Through due diligence, federal and Indiana guidelines are used to inform both parties, and there may be legal consequences for not following these guidelines properly. Following the process of due diligence faithfully, however, leads to a better informed decision about the purchase of the business. It can also help the ownership transfer to go more smoothly.

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 decided somewhat by the value of the business property and the type of business. There are specific laws in Indiana that dictate procedure for how the right of control of a company can be transferred and modified, and these procedures may make buying the business cheaper or more expensive, depending on a variety of factors.

How Can a Vincennes Attorney Help?

In Indiana, the law poses requirements for a party purchasing a business to fulfill. An attorney knowledgeable in Indiana law practicing in Vincennes can help you comply with these laws and acquire control of the business you want to buy as cheaply as possible.