Buying a Business in Wisconsin

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

Buying a business sometimes involves laws concerning mergers, acquisitions, negotiations or securities exchanges. These fields are governed by Wisconsin and Federal law.

What Parts of the Business Am I Buying?

When someone buys a business in Jefferson, they are actually gaining the right to direct business operations as they see fit. This right is called ?control? of the business. Control entails ownership of all the assets and customer base of the business, but it also includes the responsibility for that company?s debts and liabilities. 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. Federal and Wisconsin guidelines are used in the process of due diligence, and not following these guidelines can lead to legal consequences. Following the process of due diligence dutifully is the best way to inform oneself for whether to buy 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 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 Wisconsin. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Jefferson Attorney Help?

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