Britton Law, P.A.
Free Consultation For Injury Cases
910-401-3356

Buying a business may be better than starting one

Those who are thinking about being a business owner in North Carolina may choose to start a company from scratch. In some cases, it may be best to buy a company that already has a track record of success. Buying a company that is already profitable means the new owner will be able to see a return on investment in less time. Furthermore, important infrastructure is already in place such as key employees and a known product or service.

It can take a lot of money to start a company from the beginning. However, the person selling the business may allow a buyer to make payments each month until the company is paid for in full. The monthly payments are usually a percentage of the company's profits during that time period.

As long as the business is healthy and strong, it should continue to profit for many years into the future. While past performance is not indicative of future results, companies that have been profitable in the past are likely to be profitable into the future. Businesses that sell staple items such as food or medicine are likely to remain strong during recessions or other economic slowdowns.

To purchase a business, a prospective buyer needs to perform due diligence. This helps to ensure that the buyer is acquiring a company that will make money and that the buyer is the right person to run that organization. An accountant, an attorney and other professionals may be able to help with the due diligence process. If a deal is struck, an attorney may review it to ensure that it is structured favorably for a business owner.

No Comments

Leave a comment
Comment Information

Send Us An Email. We’ll Listen.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Britton Law, P.A.
2850 Village Drive, Suite 206
Fayetteville, NC 28304

Toll Free: 888-811-9738
Phone: 910-401-3356
Fayetteville Law Office Map

Britton Law, P.A. Office

Call Our Law Firm:

910-401-3356 ~or~ 888-811-9738
Buying a business may be better than starting one | Britton Law, P.A.