Buying a business and becoming your own boss can be very exciting. Not only that, but there are many advantages to acquiring an existing business such as possible existing customer base, suppliers and experienced staff, however, there are important things to consider before making a deal with the seller.
Do I need a lawyer to buy a business?
Yes! Buying a business is not as simple as buying groceries. It is critical that you do your due diligence before purchasing a business and find an experienced business purchase lawyer. There are many things to consider but a business purchase lawyer can assist you throughout the process of buying a business. They can help you with a range of matters such as due diligence, reviewing business purchase contracts, contract negotiations, along with other things such as business structure and lease advice.
It would be in your best interest to seek legal advice from an experienced lawyer before purchasing a business to ensure you are on the right track and that you are well informed before making a decision.