What Should I Consider When Buying or Selling A Business?
If you are frustrated and you absolutely hate going to your business every day, it may be time to sell. If it’s profitable, it’s probably time to sell now, as opposed to waiting until it’s not profitable and there is nothing left to sell. If you are purchasing, you need to know the specific legal requirements for owning a particular type of business in a certain area.
What Is Important In Regards To Setting Up Your Financing Before Buying A Business?
My firm has relationships with small business lenders and private lenders. Although we don’t get involved in the financing itself, we’re happy to make introductions. Having that conversation before you ever sign a purchase contract is probably the most important thing you could do in ensuring the success of your business. It’s critical that the financing of a business be discussed before the potential purchaser ever signs a purchase contract to avoid underfunding or signing a contract only to discover that no lender will loan you the funds necessary to close.
For more information on Considerations In A Business Transaction, a free initial consultation is your next best step. Get the information and legal answers you are seeking by calling (212) 748-9477 today.
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