Buying a Business in Oregon
Buying a business can yield great profits in the future. However, individuals and companies seeking to buy businesses should be aware of the complications of the transaction.
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 Oregon law.
What Parts of the Business Am I Buying?
A buyer of a business in Dallas gains a right called "control", which is the right to direct the business operations as they see fit. Control involves ownership of the business assets and customers, along with the company's debts. 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 Oregon guidelines define the process of due diligence, and sometimes legal consequences arise when these procedures are not followed 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?
How much a business will cost depends on the type of business, how much ownership stake you need to assert control, and the value of the business property. The process for how the right of control can be transferred or modified is defined by specific laws in Oregon. Procedures may make buying a business more or less expensive than simply the market value of its assets.
How Can a Dallas Attorney Help?
In Oregon, the law poses requirements for a party purchasing a business to fulfill. An attorney knowledgeable in Oregon law practicing in Dallas can help you comply with these laws and acquire control of the business you want to buy as cheaply as possible.