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Deal Breaker or Deal Maker? The Importance of Due Diligence in Business Acquisitions
Undertaking due diligence is a fundamental step when purchasing a business. This meticulous process involves scrutinising the material facets of the business to grasp what is being bought fully and the associated risks. In essence, due diligence is your investigative tool to ensure that your business acquisition is sound, transparent, and, importantly, legally compliant. Understanding […]
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Just Sign Here… ‘Silent’ Directors Beware
If you have been asked to accept a position as a director of a company in which you have little or no involvement, think again. All too often spouses are appointed as a co-director of their partner’s company without understanding their full responsibilities as a director. This is commonly known as a ‘silent director’. While […]
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Five Steps to Buying an Existing Business
There are several reasons why you might choose to buy an existing business rather than start your own. You can take advantage of an existing customer base and goodwill, take on experienced staff and step into a defined role. It can also be easier to get finance for an existing business since banks regard them […]
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Succession Planning: If you retire, become incapacitated or even die, who will carry on your business?
Many small business owners overlook the importance of succession planning, but it is vital if you want to preserve your hard work. Who will take over your business? Some of the more common scenarios that can arise when it comes to a business succession plan include: If you co-own your business, you may choose to […]
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Buying a Franchise – things you should know
Buying or starting a business can be overwhelming. There is a lot to consider – the most suitable structure for your business, the financial and taxation implications and ensuring from the start that you are placed in the best position for future growth and profitability. A franchise is a popular choice when looking at business […]
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Buying a business – some handy hints!
So you have found a business and you have your heart set on buying it. Or maybe you work for a business that looks like it is being sold. Congratulations that’s great news! However, before you rush off to hand over the purchase price or greet the new owner of the business you need to […]
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Important things to consider when buying a business
If you are considering buying a business there are many things you need to do from a legal, financial and general business perspective. Getting the right advice from the start is important. The structure of and issues involved in the sale are quite different if you are buying the business assets only, compared with the […]
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