Buying a Business in Texas

Find the right Buying a Business attorney in Baytown, TX

Buying a Business in Texas

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

There are Federal and Texas laws concerning mergers, acquisitions, negotiations and securities exchange that may impact the purchase of a business.

What Parts of the Business Am I Buying?

If a party wants to direct business operations, the best way is to acquire a right called "control". With control of a business, the party acquires all assets and the customer base of the business, plus it also assumed the company's debts. In order to protect the interests of all parties, there must be an accurate and complete picture of the financial position of the business. This picture of the company's financials is gained through a process known as "due diligence". Federal and Texas guidelines are used in the process of due diligence, and not following these guidelines can lead to legal consequences. Following the process of due diligence dutifully is the best way to inform oneself for whether to buy a business. Also if the business is eventually bought, transfers of ownership happen much more easily once the process is followed.

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 Texas. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Baytown Attorney Help?

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

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Life in Baytown

Baytown is located in Harris and Chambers County, Texas. Per the 2010 census, the population of the city is 71,802 people.

Some great attractions to check out while in Baytown include Baytown Nature Center, Houston Raceway Park, the National Hot Rod Association (NHRA), the Baytown Symphony Orchestra, and the San Jacinto Mall.

Famous residents include Bobby Fuller, Gary Busey, Leeland Mooring, Joe Tex, Drew Tate, Romany Malco, and Rocky Bernard.

Top industries include construction, education, transportation, and retail. Although legal services is not included, there are many established law offices and firms in and near Baytown. These entities train excellent attorneys to handle any and every legal need of residents and businesses.

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