Buying a Business in Texas

Find the right Buying a Business attorney in Tyler, TX

Buying a Business in Texas

Buying 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.

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?

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

How Can a Tyler Attorney Help?

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

Talk to a Business Law Attorney now!

Life in Tyler

Tyler is located in Smith County, Texas. Its nickname is the "Rose Capital of the Nation" because the city has so many rose bushes everywhere! It is also home to America's largest rose garden. The city also annually hosts the Texas Rose Festival, an event that celebrates rose-growing industries. There is also a Rose Museum that is a popular tourist attraction.

Top employers include Trinity Mother Frances Health System, Brookshire Grocery Company, Trane Company, Carrier Corporation, Suddenlink, Tyler Junior College, The University of Texas at Tyler and East Texas Medical Center. Tyler is also home to many attorneys who have established law offices. Thus, the legal needs of residents and businesses will always be met

All in all, Tyler is a quaint city that offers small-town charm and a lovely hospitable, community-like feel.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Howard B.
Howard B.

Business - Litigation

Rye Brook, NY

Mark B.
Mark B.

Business - Litigation

Roseland, NJ

David A.
David A.

Business - Litigation

Walnut Creek, CA