Legal quetsions

March 26, 2019

5 Legal Questions to Ask When Purchasing a Business

Purchasing a business can be a daunting task, rigged with legal pitfalls. It may seem like a clear-cut deal but as a buyer, you need to be aware of external factors that are attached to purchasing a business. Issues span across legality and interconnect with the business’s operation, financials, taxes, licences, and employment. Here are five questions you need to ask yourself before you purchase a business. 1. Have you performed due diligence? Prior to purchasing a business, it is imperative that you conduct due diligence of what you are buying. Due diligence refers to a comprehensive review of a business prior to its purchase. This includes analysing the businesses’ liabilities, assets, transactions and potential commercial value. It is recommended […]