Buying a Business in North Carolina

Find the right Buying a Business attorney in Rocky Mount, NC

Buying a Business in North Carolina

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

Buying a business sometimes involves laws concerning mergers, acquisitions, negotiations or securities exchanges. These fields are governed by North Carolina and Federal law.

What Parts of the Business Am I Buying?

When someone buys a business in Rocky Mount, 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. To make his decision, a buyer will want a complete picture of the financial position of the business. Through a process called "due diligence", a company's financials become clear. Federal and North Carolina guidelines define the process of due diligence, and sometimes legal consequences arise when these procedures are not followed properly. However, due diligence will lead to a better informed decision concerning whether you want to buy the business. Also, it will help the business to transition more smoothly to new ownership.

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. The process for how the right of control can be transferred or modified is defined by specific laws in North Carolina. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Rocky Mount Attorney Help?

The laws in North Carolina place many unique demands on parties seeking to purchase businesses. An attorney in Rocky Mount, North Carolina 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.

Talk to a Business Law Attorney now!

Life in Rocky Mount

Rocky Mount is located along the coastal plains of North Carolina. It was formally incorporated on February 28, 1867. The 2010 census reported the city's population as 57477 people.

The city is a huge arts center. with a growing arts community, a Children's Museum Science Center, a Community Theater at the Imperial Centre for Arts Science, and the overall reputation of being the huge art hub in North Carolina.

Major corporations that have established a presence in the city are Raleigh, Rocky Mount Instruments, 368x Electra Piano Harpsichord, Hardee's, Boddie-Noell, and Texas Steakhouse Saloon.

Famous residents include J.J. Arrington, Anthony Avent, Roy A. Cooper, Earle Hyman, Julius Peppers, and Mary Elizabeth Winstead.

There are also many law firms and law offices in Rocky Mount. Therefore, residents and local businesses have ample resources to turn to when needing legal services.

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