Buying a Business in Nebraska

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 Nebraska and Federal law.

What Parts of the Business Am I Buying?

The purchase of a business in Chadron 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. Accordingly, the party buying a business will want a complete picture of the financial position of the business. Through a process called "due diligence", the financials of the company are disclosed. Through due diligence, federal and Nebraska guidelines are used to inform both parties, and there may be legal consequences for not following these guidelines properly. Following the process of due diligence faithfully, however, leads to a better informed decision about the purchase of the business. It can also help the ownership transfer to go more smoothly.

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

How Can a Chadron Attorney Help?

The laws in Nebraska place many unique demands on parties seeking to purchase businesses. An attorney in Chadron, Nebraska 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.