I’m thinking about buying an existing business. What legal questions should I consider?

I’m thinking about buying an existing business. What legal questions should I consider?

I have a laundry list of questions that we would need to go over with the seller of the business before I would ever advise you to move forward with purchasing a business. You have to look at financials from three to five years in the past. You have to make sure that the proper insurances are in place. You’ve got to look at the debts compared to the liabilities and the profits. There are so many things to look at when buying a business. And also an analysis of cashflow for the past three years has it flatlined. Is it continuing to grow? What is the market bear in the area depending on the type of business? There is a lot to consider before you make such a huge investment like purchasing a business.