If you are considering buying or selling a business there are a number of important matters you need to consider.
Before buying a business you need to carefully consider the business and financial records of it. You may need professional help by engaging your accountant or financial advisor for assistance. Rarely will the seller of a business give any guarantee as to the takings or profitability of it. You must be able to properly assess the total financial viability for yourself before proceeding. This is referred to as “due diligence”.