Ezell Law Firm, LLC
Call for a free phone consultation
Local 225-763-2272 Toll free 888-511-8717
A Louisiana Full-Service Law Firm, Dedicated to Your Needs

What to consider before purchasing a company

Buying a business is one way that a person in Louisiana can become his or her own boss. However, it is important for an individual to understand why he or she is buying a business and how it fits into his or her life. Ideally, those who are looking to purchase existing companies will purchase entities that have a track record of profitability. This shows that they have systems in place that are or can be successful.

While an existing business may cost more than starting a company from scratch, it may be less expensive to operate. Furthermore, it may be easier to obtain financing to buy a company that has a record of generating revenue. Of course, it is necessary to understand why a company is available before buying it. In some cases, an owner could be trying to exit a business or industry that won't grow much in the future.

Individuals who want to buy a company should do their due diligence before making an offer. Ideally, a seller will provide financial records as well as copies of customer lists and contracts with other parties. If the company is a franchise, a buyer should know more about the relationship between the location and the parent company.

When buying or selling a business, it is a good idea to create a team of professionals. This team will ideally consist of an attorney, an accountant and someone who understands tax law. This may make it easier for an individual to structure a deal that is in his or her best interest. It may also make it possible for a buyer to complete the due diligence process in a timely manner. An attorney may be helpful in resolving disputes that could arise during a business transaction.

No Comments

Leave a comment
Comment Information

Contact Our Law Firm Today

Ezell Law Firm, LLC
10761 Perkins Road
Suite A
Baton Rouge, LA 70810

Toll Free: 888-511-8717
Phone: 225-763-2272
Map & Directions


Free phone consultation Contact our office to set up your appointment

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy