Buying a Business in West 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.

Purchasing a business occasionally involves laws concerning mergers, acquisitions, negotiations or securities exchanges. These fields are governed by West Virginia and Federal law.

What Parts of the Business Am I Buying?

A purchaser of a business in Dunbar 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 purchaser 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 West Virginia guidelines are used in the process of due diligence, and not using these guidelines can lead to legal consequences. However, due diligence will lead to a better informed decision concerning whether you want to purchase the business. Also, it will help the business to transition more smoothly to new ownership.

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. The procedure for how the right of control can be transferred or modified is defined by particular laws in West Virginia. Procedures may make buying a business more or less expensive than simply the market value of its assets.

How Can a Dunbar Attorney Help?

There are unique requirements in West Virginia that a party purchasing a business must fulfill. In Dunbar, an attorney experienced in West Virginia law can inform you about the peculiarities of your investment and outline the cheapest way for you to purchase control.