Buying Into An Existing Business Link

Talk to accountants, lawyers, and commercial brokers. They often know who is looking to exit before anyone else. 3. Initial "Sniff Test"

Before spending thousands on legal fees, ask the "Three Whys": buying into an existing business

Contact businesses in industries you know. Owners may be thinking about retirement but haven't listed yet. Talk to accountants, lawyers, and commercial brokers

Review at least 3 years of tax returns, P&L statements, and balance sheets. Watch out for "owner add-backs" (personal expenses run through the business). Talk to accountants