Buying a Business in Texas

Buying a business is always an exciting adventure. However, it can also be intimidating. Texas law does not contain many provisions related specifically to the purchase of most businesses. Instead, general statutes and a lot of common law enters into the picture. Generally, businesses are purchased in one of two ways: (i) a purchase of all the assets; or (ii) a purchase of all the equity (whether stock, units, membership interest, or otherwise). From the buyer’s perspective, it is usually safer to purchase all the assets of an existing business. In doing so, the buyer only receives the liabilities to which...

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