What’s important to know about buying a business in New Jersey?

  • Clients often ask: What’s important to know when buying a business? There are four critical issues to bear in mind:
  • First: Examine closely the tax history of the business so you will have a clear sense of its profitability and liabilities.
  • Second: Make sure you have a strong business purchase and sale agreement, which will protect you from being taken advantage of by the seller
  • Third: Make sure that there are no liens or lawsuits against the business; you don’t want a legal mess on your hands months down the road
  • Fourth: Consult a competent, experienced business attorney prior to purchasing the business!