Purchasing an existing business
There are many variables to consider. Before structuring you need more information. Is a lease required for a location? How long is lease and can you take over. Can you get financial information. Can you check on the accuracy of the financial information. How much is the transaction. Generally the larger the amount the more verifying you need to see that what they are telling you is accurate. Typically I like to structure a deal where the seller doesn’t receive everything up front. If I have funds to pay later I find they are more successful transactions. Is there any outside third party approval like license of any sought, franchise-this too can effect how to structure the deal.
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