Buying a Business in Maryland

Investing in a business can be beneficial 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 Prince Georges 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. 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 gains this understanding. The process of due diligence uses Federal and Maryland guidelines to protect both parties. If these guidelines are not followed, a party may be found in breach of a legal duty. However, obedience to the process of due diligence leads to a better informed decision about buying the business. And afterwards, it may also help the ownership transfer to go more smoothly.

How Much Will the Business Cost?

The price 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 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 Prince Georges County Attorney Help?

The laws in Maryland place many unique demands on parties seeking to purchase businesses. An attorney in Prince Georges 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.