Buying a Business in Maryland

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

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

What Parts of the Business Am I Buying?

A buyer of a business in Carroll County gains a right called "control", which is the right to direct the business operations as they see fit. Control involves ownership of the business assets and customers, along with the company's debts. In order to protect the interests of all parties, there must be an accurate and complete picture of the financial position of the business. This picture of the company's financials is gained through a process known as "due diligence". Federal and Maryland guidelines are used in the process of due diligence, and not following 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 purchased.

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 Maryland. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Carroll County Attorney Help?

The laws in Maryland place many unique demands on parties seeking to purchase businesses. An attorney in Carroll County, Maryland 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.