Buying a Business
Buying a Business Part II - Is There Enough Cash Flow to Make the Payments AND Run the Business?
Saturday, September 1st, 2007Many businesses are offered for sale by the owner as ‘so-much down and so-much a month for so-long’. One of the biggest failure mechanisms for small business is buying into a business that is
Buying a Business Part I - ALWAYS have a Formal Partnership Agreement
Friday, August 24th, 2007One of my long-time clients sold one of his businesses last year to two gentlemen; one, a family member who was to run the operation side, and the other, a fellow who was very capable of running the business side.
Yet, even though I fairly insisted that they work out a partnership agreement between them, they […]