by Donna Ray Berkelhammer
Buying an existing business can be exhilarating and frightening all at once. It is important to find out as much about the business, its operations and finances as possible before purchase. Typical asset purchase agreements give a set period of time for investigation (often called due diligence).
Here are some matters to investigate:
Remember, the business broker works for the seller, and the contract will say you as the buyer cannot rely on any statements or representations made by the broker. If you have questions, contact one of our business attorneys.
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