© 2011 Apptivo Inc.
All rights reserved.
Checklist for Buying a Business
Purchasing an existing business begins by determining what the right business is for you.
You
can work with a business broker or you can do it on your own.
Before agreeing to any...
More
© 2011 Apptivo Inc.
All rights reserved.
Checklist for Buying a Business
Purchasing an existing business begins by determining what the right business is for you.
You
can work with a business broker or you can do it on your own.
Before agreeing to any purchase
use this checklist to evaluate whether this is a good buying decision or not.
1.
Inventory – This is all the products for resale.
You need to know inventory on hand, and what
was on hand at the end of the last fiscal year, and the one before that.
Before completing any
deal, you should always have an inventory appraisal done and have a dollar value assigned.
2.
Furniture, equipment, building – Have the seller provide an asset list including the value of
these assets.
Find out what has been invested in maintenance and leasehold improvements.
3.
Incorporation – If the company is incorporated, find out what state it is registered in and
whether it operates as a foreign corporation within that state.
4.
Financial state
Less
