Business Assets

March 12, 2019

What Assets are Included in the Sale of a Business?

This is probably the most asked question when I meet with a business owner thinking of selling their business.  It’s a good question.  What is being sold, or included in the sale price, depends on how the business is being marketed.  However, there are some things that can be said about what is usually included in the sale of a business. First, the seller is typically selling the assets of the business, not the corporate entity.  The primary reason is to avoid potential liability, by the buyer, for the actions of the seller’s corporation before the business was sold.  In addition, in an asset sale, the buyer and seller can agree to a price for the assets of the business […]
March 12, 2019

Buying or Selling Business Assets: 6 Key Questions

“You wouldn’t buy a pig in a poke…”. A great saying which can be applied to business capital. Buying business assets is often synonymous with a new professional life. From the seller’s point of view, it represents new opportunities or investments. So that this takes place in optimal conditions, and doesn’t become a nightmare, caution and patience should be exercised. Here are 6 essential questions to ask. Firstly: what is meant by business assets? Business assets are things of value that are used in a business.  The assets are of two types: Tangible assets, like business vehicles, equipment, supplies, and buildings Intangible assets, like copyrights, patents, and trademarks. Business assets can be transferred (sold) to a third party, who is […]