Some entrepreneurs love the challenge of starting a new business and creating everything from scratch. However, that may not be the best approach for everyone. Buying an existing business can eliminate the initial legwork of establishing a customer base, training employees, and securing start-up funding, but it is not without its own challenges. As a prospective business buyer, part of the challenge is figuring out exactly what you are buying. This requires proper due diligence with help from business, tax, and legal experts. Arriving at a fair purchase price and…Read More
