Law & Buy/Sell a Business



BUYING A BUSINESS

Buying Rather than Starting from Scratch
When you start investigating whether to buy a business, you will come up with a list of advantages as well disadvantages if you go down the purchase option rather than starting one up from scratch.

Before you make your decision to buy, take time to fully assess the advantages and ensure that they clearly outweigh the disadvantages because one major disadvantage can easily outweigh a number of advantages. Many feel that buying a ready-made business that has a track record is a much safer way to get into business. They acknowledge that starting a business from scratch is fraught with many potential headaches and risks that are not present when buying an existing operation.

People will look at buying a business rather than starting up one from the beginning for a number of reasons. The main one will be that buying an existing operation gets you off to a flying start without the need to get involved in the headaches of developing something from nothing.


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