When contemplating purchasing a business, you have some major issues to sort through, including:
Type of Deal. What kind of deal will it be — purchasing the assets of the business or purchasing the stock?
Confidentiality. If the seller will be sharing confidential information, such as financial statements and customer lists, the buyer probably will be asked to sign a Confidentiality Agreement.
Letters of Intent. Consider whether signing a letter of intent makes sense before you invest a great deal of time and money.
To read the full story at AllBusiness.com, click here.
Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.
To submit a tip for consideration, first check our archive of previous tips to make sure you're not repeating a tip someone has already contributed. Then send the tip to Small Business channel contributor Michelle Dammon Loyalka. Because of the volume of material she receives, she may not respond to each individual.