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The Basics of Buying a Business

posted Mar 4, 2013, 11:49 AM by Bryan Berson   [ updated Sep 13, 2014, 6:03 PM ]
Anyone who considers buying a business should investigate it carefully enough to arrive at a sensible valuation.  Prospective buyers should seek professional advice with regard to legal due diligence, documenting the purchase, and tax issues.

A business purchase can take two basic forms – an entity purchase or asset purchase.  In an entity purchase, the purchaser buys the corporate stock or limited liability company’s (LLC) certificates.  By buying the entity, the purchaser indirectly owns the assets and assumes responsible for its liabilities.

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