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 Gretna 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. Federal and Nebraska guidelines are used in the process of due diligence, and not following these guidelines can lead to legal consequences. 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?

How much the right of control will cost depends on how much ownership stake is required. The value of the property of the business may add to the price as well. There are specific laws in Nebraska 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 Gretna Attorney Help?

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