What do I need to know to buy a business?

Buying a Business? Make sure these are on your checklist!

Why does the current owner want to sell the business?

What type of growth potential does this business have? How is the business doing? If the business is in decline, think about how you will be able to make it successful?

Be sure to carefully examine the audited year-end financial statements for the business?

Review the tax returns of the business for the past five years.

Remember: you may need an attorney to review the current contracts of the business.

#businesssales #sellingbusiness #buyingabusiness

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** Clarissa Jimenez, Esq. is licensed in Maryland.