Buying a Business in Massachusetts

Find the right Buying a Business attorney in Boston, MA

Buying a Business in Massachusetts

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

Federal and Massachusetts law concerning mergers, acquisitions, negotiations and securities exchange occasionally come into play during the purchase of a business

What Parts of the Business Am I Buying?

When someone purchases a business in Boston, they are actually gaining the right to direct business operations as they see fit. This right is called ?control? of the business. Control entails ownership of all the assets and customer base of the business, but it also includes the responsibility for that company?s debts and liabilities. To balance the positives and negatives, the party buying a business must get a complete picture of the financial position of the business. Through a process called "due diligence", a buyer acquires this understanding. In the process of due diligence, Federal and Massachusetts guidelines are used to inform both parties. If there is a violation from these guidelines, one party may be held legally accountable. 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 cost 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 procedure for how the right of control can be transferred or modified is defined by particular laws in Massachusetts. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Boston Attorney Help?

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

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Life in Boston

Boston, Massachusetts is known as the "Capital of New England" because it acts as the center of business, art, food, and culture. Bostonians comprise the 10th largest metropolitan area in the United States. Boston is home to a number of historical attractions like the Boston Tea Party, the Boston Massacre, and the American Revolution museums that offer about billion in revenue for the city.

Furthermore, tourists flock to visit Boston and its colleges: Harvard University, Boston College, Boston University, Massachusetts Institute of Technology (MIT), Tufts University, UMass Boston, and many other business, music, and pharmaceutical institutions of higher learning. Students offer roughly .8 billion to the economy. With so many students, Boston naturally is home to some of the top firms in technology and biotechnology. The city boasts the highest amount of annual funding from the National Institutes of Health.

Boston is home to some outstanding New England based lawyers and law firms. Bostonians are subject to the area's high cost of living making the legal problems of the community somewhat unique. Violent crime has been on the decline since the Boston Police Department and United States Attorney and District Attorney started a crime and gang prevention campaign. Most Boston residents use the Suffolk County courts.

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