Building your business from scratch can be a heavy burden to take on. Because of this, entrepreneurs may decide to buy an existing business that already has an established reputation, employees, a customer base, systems and processes, and so on. Especially with the new capital gains tax coming down the pipeline, we’ve seen many entrepreneurs and prospective business owners moving forward with business deals.
If you’re buying a business, it’s important to remember that the purchase transaction is about a lot more than the industry and the price. What can buyers do to ensure that the transaction goes smoothly and successfully? What should buyers be considering throughout the purchase process? What are the essential legal tasks involved, and how can buyers make sure they’re ready for day one as an owner? We’ll discuss these concerns along with other considerations and tactics for buyers to have a successful transition.
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