Buying a Business in Virginia

The investing in a business can be the quickest route to a great return. Individuals and companies looking 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?

A buyer of a business in Vienna 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 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. Through due diligence, federal and Virginia guidelines are used to inform both parties, and there may be legal consequences for not following these guidelines 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 the right of control will cost depends on how much ownership stake is required. The value of the property of the business may add to the price as well. 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 Vienna Attorney Help?

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