Buying a Business in New Jersey

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

Federal and New Jersey law concerning mergers, acquisitions, negotiations and securities exchange occasionally come into play during the purchase of a business

What Parts of the Business Am I Buying?

When someone purchases a business in Raritan, 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. A complete picture of the financial position of the business is important for the purchaser to make his decision. This picture is acquired through a process called "due diligence". Federal and New Jersey guidelines define the process of due diligence, and occasionally legal consequences arise when these procedures are not followed 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 bought.

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 might add to the price as well. The procedure for how the right of control can be transferred or modified is defined by particular laws in New Jersey. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Raritan Attorney Help?

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