Buying a Business in Mississippi

Buying a business can be a worthwhile investment, but whether it is purchased by an individual or another company, the transaction is complicated.

Specific regulations concerning mergers, acquisitions, negotiations or securities exchanges may be implicated when you buy a business. These areas are all governed by Federal and Mississippi law.

What Parts of the Business Am I Buying?

The purchase of a business in Flowood is actually the buying of a right called "control". With this right, a party can direct business operations as it sees fit, it acquires ownership of business assets, and it assumes liability for all business debts. A complete picture of the financial position of the business is important for the buyer to make his decision. This picture is gained through a process called "due diligence". Through due diligence, federal and Mississippi guidelines are used to inform both parties, and there may be legal consequences for not following these guidelines properly. 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?

Control of a business is sold for an amount that is necessary for a party to acquire an ownership stake. The value of the business property and the type of business factor in to determine the exact price. There are specific laws in Mississippi 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 Flowood Attorney Help?

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