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 Southwick, 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. Accordingly, the party purchasing 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. Federal and Massachusetts guidelines are used in the process of due diligence, and not using these guidelines can lead to legal consequences. 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 bought.

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 might add to the price as well. 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 Southwick Attorney Help?

Massachusetts poses unique demands that a party purchasing a business must meet. Lawyers practicing in Southwick are experienced in Massachusetts law, and can find the cheapest way for you to purchase control of a business.