Buying a Business in Michigan

Find the right Buying a Business attorney in Battle Creek, MI

Buying a Business in Michigan

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

Federal and Michigan 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?

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 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. In the process of due diligence, Federal and Michigan guidelines are used to inform both parties. If there is a deviation 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 buy 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 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 Michigan 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 Battle Creek Attorney Help?

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

Talk to a Business Law Attorney now!

Life in Battle Creek

Battle Creek is located in Calhoun County, Michigan. Per the 2010 census, 52,347 call people call Battle Creek home. The city's nickname is "Cereal City" because the Kellogg Company headquarters and corporate location of Post Cereals is in Battle Creek. Also, Battle Creek is the third largest city in Michigan, after Detroit and Grand Rapids.

The city's largest employers include Kellogg, Harte-Dole-Inouye Federal Center, Denso, Battle Creek Health System, Battle Creek VA Medical Center, the school district, ASMO Manufacturing, and the Michigan Air National Guard. To support these employers, as well as residents, Battle Creek is also home to law firms that train excellent attorneys who focus on providing the best legal services.

Some great sites to check out in Battle Creek is the Bailey Park C.O. Brown Stadium, Binder Park Zoo, Firekeepers Casino, Full Blast Outdoor Water Park, W.K. Kellogg Manor House, Kimball House Museum, Kingman Museum and Planetarium, Leila Arboretum, Linear Park, and Willard Beach and Park.

Overall, Battle Creek is a wonderful place to live and visit!

Clients Rate LegalMatch Attorneys
(click to read reviews)

Howard B.
Howard B.

Business - Litigation

Rye Brook, NY

Mark B.
Mark B.

Business - Litigation

Roseland, NJ

David A.
David A.

Business - Litigation

Walnut Creek, CA