Whether you hire a corporate lawyer for the purchase of a business depends on the complexity of the acquisition process and your budget.

Beyond these considerations, it’s a personal decision based on your comfort level in handling the acquisition process.

Corporate lawyers employ a number of evaluation criteria to determine if a company is worth buying. Some businesses are straddled with debt or have other obligations that negate the benefits of the acquisition by the purchaser. Only through a legal diagnostic conducted by a seasoned corporate lawyer can you determine the viability of the firm and the financial costs that you’ll incur through the acquisition process.