FIVE THINGS TO KNOW BEFORE BUYING OR SELLING A BUSINESS By: Laurance D. Pless Following are some practical observations about buying or selling a business that every business owner should know before venturing into this often unfamiliar territory. Step One: Run the Numbers. Tax liabilities vary widely. For example, one deal structure can risk a double tax. And tying payments to certain circumstances could increase the tax rate on them significantly. “It’s Not Signed Until It’s Signed”. The first document to be agreed upon between ... Read More »