Buying a Business in Virginia

The investing in a business can be the fastest route to a great return. Individuals and companies hoping to buy businesses should be aware of the complications that can arise, however.

Particular regulations concerning mergers, acquisitions, negotiations or securities exchanges may be implicated when you buy a business. These areas are all governed by Federal and Virginia law.

What Parts of the Business Am I Buying?

Purchasing a business in Bridgewater is gaining the right to direct business operations. When a party directs operations as they see fit, their right is called ?control? of the business. Like ownership, control includes the right to all the property of the business as well as the assumption of the business debts. A complete picture of the financial position of the business is important for the purchaser to make his decision. This picture is acquired through a process called "due diligence". The process of due diligence uses Federal and Virginia guidelines to protect both parties. If these guidelines are not followed, a party might be found in breach of a legal duty. Following the procedure 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?

Control of a business is sold for an amount that is necessary for a party to acquire an ownership stake. The value of the business property and the type of business factor in to determine the exact price. The procedure for how the right of control can be transferred or modified is defined by particular laws in Virginia. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Bridgewater Attorney Help?

The laws in Virginia place many unique demands on parties seeking to purchase businesses. An attorney in Bridgewater, Virginia 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.