What to know about buying a business?

shutterstock_169642883Buying a business can be an intimidating and overwhelming experience. A lot depends on whether or not, you’ve been involve in a similar business or industry or you’re new to it. In either event, having a group of advisors is really crucial – be it accountants, be it tax advisors and of course, attorneys. You have to know what you’re buying under what circumstances, what you’re getting, what you’re not getting, what needs may be involved, what obligations go with it, are you buying a business name and a stock of a company, or you simply buying the assets of a company. These are all crucial issues and they require you the structure, the transaction, the deal if you will differently. What’s best for you can only be determined after you consult with your advisors and then, right up front, not when you’re two-thirds through the transaction, you make those needs and requirements known to the other sides so there aren’t any unpleasant surprises for either of you.

This informational blog post was brought to you by Marc N. Needelman, an experienced Hartford, Connecticut Business Lawyer.

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