Buying a Business in Washington

Find the right Buying a Business attorney in Shoreline, WA

Buying a Business in Washington

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.

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 Washington law.

What Parts of the Business Am I Buying?

The purchase of a business in Shoreline is actually the purchasing of a right called "control". With this right, a party can direct business operations as it sees fit, it acquires ownership of business assets, and it assumes liability for all 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". Federal and Washington guidelines define the process of due diligence, and occasionally legal consequences arise when these procedures are not followed properly. 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?

The price of a business depends on the value of the ownership stake that is necessary to exert control, and this in turn is determined somewhat by the value of the business property and the type of business. The procedure for how the right of control can be transferred or modified is defined by particular laws in Washington. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Shoreline Attorney Help?

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

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Life in Shoreline

Shoreline is located in King County, Washington. Specifically it is north of Downtown Seattle. Per the 2010 census, Shoreline is home to 53,007 people.

Popular sites include Hamlin Park, Kruckeberg Botanic Garden, Shoreline Historical Museum, Shoreline Stadium, Shoreview Park, and Granite Curling Club. Other popular landmarks include the William E. Boeing House and the Ronald Grade School, which is now the Shoreline Historical Museum.

Top employers include the school district and health care system. Although the legal industry is not included in this list, many law offices employ excellent attorneys and legal support staff to help Shoreline's economy and tend to the legal needs of residents.

Overall, Shoreline is a wonderful place to visit. It is also a wonderful place to call home because it offers a community-like feel and small-town humbleness!

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