The New Year resolution is to go it alone, buy an existing business or franchise and become your own boss. Sounds like a dream, but before jumping in the sharkpool a quick chat with us may be the best approach. Buying a business is not as simple as handing over money and taking the keys, for small business transactions, you need to be aware of the risks and plan accordingly.
For many business sales there is a risk that the due diligence protections are insufficient, and that you will only find this out after the purchase has occurred. Worse still, if the numbers don’t stack up, you may struggle to recover what you have paid for the business. Signing an agreement or intention prior to getting advice can be fatal for the best business purchases.
Getting advice is easy, contact our offices on 1300 ADS LAW or 07 30883777
