Buying a Business in Texas

Find the right Buying a Business attorney in Lewisville, 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 specific laws in Texas and the US that concern negotiations, mergers, acquisitions and securities exchanges. You may need to consider how these laws impact your situation before you buy a business.

What Parts of the Business Am I Buying?

When someone buys a business in Lewisville, 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. 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 Texas guidelines are used in the process of due diligence, and not following these guidelines can lead to legal consequences. However, obedience to the process of due diligence leads to a better informed decision about buying the business. And afterwards, it may 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 Texas. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Lewisville Attorney Help?

Texas poses unique demands that a party purchasing a business must meet. Attorneys practicing in Lewisville are knowledgeable in Texas law, and can find the cheapest way for you to purchase control of a business.

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Life in Lewisville

Lewisville, Texas is a medium-sized city in Denton County, and it is part of the greater Dallas-Fort Worth Metropolitan area.

At the 2000 Census, the population of Lewisville was estimated to be 77,000. However, current estimates place the population at over 100,000 people, making it one of the fastest-growing cities in the country.

Lewisville, Texas was incorporated in 1925, making it one of the oldest incorporated cities in the Dallas area. In its early history, growth was very slow, with the economy largely depending on relatively small-scale agricultural operations. After the construction of the Lewisville Dam, creating a large reservoir in the area, growth began to accelerate.

In the mid-1960s, Lewisville became one of the first cities in Texas to racially integrate its public schools.

When the Dallas-Fort Worth International Airport opened in 1973, the population of Lewisville and other nearby towns exploded, partially attributed to the thousands of jobs the airport brought to the area.

Thanks to its rapid growth, and proximity to one of the country's major metropolitan centers, the legal community of Lewisville, Texas is highly diverse and well-developed. From large, national law firms, to small firms and solo practices, chances are good that you can find a Lewisville, Texas lawyer who is the right match for you.

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