Buying a Business in Wisconsin

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.

Purchasing a business occasionally 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?

A purchaser of a business in Watertown 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. In order to protect the interests of all parties, there must be an accurate and complete picture of the financial position of the business. This picture of the company's financials is acquired through a process known as "due diligence". Federal and Wisconsin guidelines are used in the process of due diligence, and not using these guidelines can lead to legal consequences. Following the process of due diligence dutifully is the best way to inform oneself for whether to purchase 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 might add to the price as well. There are particular laws in Wisconsin that dictate procedure for how the right of control of a company can be transferred and modified, and these procedures may make buying the business cheaper or more expensive, depending on a variety of factors.

How Can a Watertown Attorney Help?

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