Buying a Business in Oregon

Purchasing a business can yield great profits in the future. However, individuals and companies looking to buy businesses should be aware of the complications of the transaction.

Particular 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 purchaser of a business in Milwaukie 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. Accordingly, the party purchasing 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 Oregon guidelines are used in the process of due diligence, and not using these guidelines can lead to legal consequences. However, due diligence will lead to a better informed decision concerning whether you want to purchase the business. Also, it will help the business to transition more smoothly to new ownership.

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

How Can a Milwaukie Attorney Help?

In Oregon, the law poses requirements for a party purchasing a business to fulfill. An attorney experienced in Oregon law practicing in Milwaukie can help you comply with these laws and acquire control of the business you want to buy as cheaply as possible.