Buying a Business in Utah

Find the right Buying a Business attorney in Provo, UT

Buying a Business in Utah

Purchasing 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 particular laws in Utah 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 purchaser of a business in Provo 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. To make his decision, a purchaser 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 Utah guidelines are used in the process of due diligence, and not using these guidelines can lead to legal consequences. Following the process of due diligence dutifully is the best way to inform oneself for whether to purchase 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 might add to the price as well. The procedure for how the right of control can be transferred or modified is defined by particular laws in Utah. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Provo Attorney Help?

The laws in Utah place many unique demands on parties seeking to purchase businesses. An attorney in Provo, Utah can inform you of the particularities of your investment as it relates to local law, as well as advise you of the least costly route to acquiring control.

Talk to a Business Law Attorney now!

Life in Provo

Provo is the seat of Utah County and third largest city in Utah. With 119,000 Utah residents, Provo is popular Salt Lake City professionals and winter vacation homes alike. Brigham Young University, the largest Missionary Training Center for the Church of Jesus Christ of Latter-day Saints, and the 2002 Winter Olympics' Peak Ice Arena are all located in Provo bringing a distinctly unique mix of people to the area. Provo is the second largest metropolitan area in Utah next to its close neighbor Salt Lake City that is just 43 miles North. Provo is also the seat of Utah County meaning it plays host to a number of different facilities such as the Utah County Courthouse. Many Utah lawyers call Provo home because it's home to so many courts and near to Salt Lake City. Provo lawyers can help you sort out whatever legal question or issue you may possess.

The annual Sundance Film Festival brings lots of people to Provo and showcases some of the best films of the year. Forbes rated Provo in the top 10 places to raise a family. Additionally, the city has been celebrated as one of the best places to retire, an enticing city to live and play, and National Geographic Adventure dubbed Provo a "cultural hub." The Provo City Library at Academy Square has an extensive selection of more than 280,000 media enclosed with the walls of the former Brigham Young Academy. It was built in 1892. The Covey Center for the Arts shows plays, operas, and other performances all year long. For business, the Utah County Convention Center hosts a lot of events like technology conventions and parties.

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