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Your attorney is one of the
five most important people
your business can have. |
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When buying a business,
get a good accountant
involved because you need
to be sure the financial
records are accurate. |
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When buying an existing business, you want
to be sure you are buying more
than "blue sky".
Be sure you are working with a qualified
"broker" with a strong history of helping
clients buy an existing business. |
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| Buying an Existing Business |
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| There are numerous factors to buying an existing business. For example, purchasing a client list is like buying blue sky if the clients don't know you. They may or may not stick around. That doesn't mean you shouldn't consider purchasing an existing business, it means you need to be prepared. |
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| A shortlist of issues would include, but not limited to, the following: |
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| Accounts Payable |
Intellectual Property |
| Accounts Receivable |
Litigation |
| Antitrust & Regulatory |
Personnel |
| Assets |
Public Relations |
| Confidentiality Agreements |
Real Estate |
| Customers |
Sales |
| Environmental |
Taxes |
| Existing Contracts |
Technology |
| Financial Information |
Vendors |
| Insurance |
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| When you are ready to buy a business, take the time to get a well-qualified attorney/agent with the background and experience necessary to ensure you get are treated fair. They may cost a little more, but the headaches and money they can save you is far more than cost of the attorney fees. |
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| Contact us today for a free consultation to discuss buying an existing business you think has the greatest potential for enhancing your future.. |
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