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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