When considering purchasing a legacy business, there are important factors to consider as part of the decision-making process. There are numerous advantages compared to starting a business from scratch, but there are also some challenges.
Have you ever considered that the day may come when you are faced with the decision on whether or not to sell your business? It is a daunting thought to have your business fully exposed to the harsh light of a buyer’s accounting, legal, and tax reviews. Preparing your business for future sales is a stressful concept, and few business owners are genuinely ready for the process.