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