Have you ever wondered about buying an existing business or selling your own business? How would this work? What do I need to do? Here are a few things to consider:

Buying a business

• Is the business I am looking at worth buying?
• Am I buying the assets of the business or am I buying shares of a corporation? What is the difference?
• Am I able to finance this purchase and if so how much will a bank loan me?
• Is there enough cash flow in the business to make the debt payments?
• Should I be consulting a lawyer?

Selling a business

• What is the value of my business?
• If I am not incorporated should I be incorporating before I sell?
• Should I be selling the assets of the business or should I be selling shares of a corporation?
• What if the buyer does not want to pay me everything up front?
• Will there be a tax cost when I sell?

If you have asked yourself, any of these questions please contact us for a consultation. The aspects surrounding buying and selling a business can be complicated and time consuming. The use of a professional is a must.