How to Buy a Business
Find a business for sale.. Choose the right business.. Contact the business owner.
Steps
1
Find a business for sale.
Find a business for sale.
2
Choose the right business.
Choose the right business.
3
Contact the business owner.
Contact the business owner.
4
Hire an experienced appraiser.
Hire an experienced appraiser.
5
Narrow down what will be included in the sale.
Narrow down what will be included in the sale.
6
Consider consulting an attorney.
Consider consulting an attorney.
7
Request certified copies of the business's financial records.
Request certified copies of the business's financial records.
8
Analyze employee contracts and files.
Analyze employee contracts and files.
9
Evaluate trade secrets and intellectual property.
Evaluate trade secrets and intellectual property.
10
Check for any past or pending litigation.
Check for any past or pending litigation.
11
Pull any corporate documents or other registrations.
Pull any corporate documents or other registrations.
12
Examine inventory and assets.
Examine inventory and assets.
13
Agree on a fair purchase price.
Agree on a fair purchase price.
14
Determine a closing date.
Determine a closing date.
15
Put your agreement in writing.
Put your agreement in writing.
16
Meet to go over the terms of the agreement.
Meet to go over the terms of the agreement.
17
Sign the agreement.
Sign the agreement.
18
Transfer ownership of the business.
Transfer ownership of the business.
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