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.

Specific 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?

Buying a business in Loudon County 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. Accordingly, the party buying a business will want a complete picture of the financial position of the business. Through a process called "due diligence", the financials of the company are disclosed. In the process of due diligence, Federal and Virginia guidelines are used to inform both parties. If there is a deviation from these guidelines, one party may be held legally accountable. However, due diligence will lead to a better informed decision concerning whether you want to buy the business. Also, it will help the business to transition more smoothly to new ownership.

How Much Will the Business Cost?

The price of a business mostly depends on how much ownership stake is required for control. The value of the business property and the type of business are also important factors. The process for how the right of control can be transferred or modified is defined by specific laws in Virginia. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Loudon County Attorney Help?

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