HOW TO BUY A BUSINESS IN TEN (NOT SO) EASY STEPS

1. ASSEMBLE A TEAM. Before undertaking to acquire a business in a privately negotiated transaction, it is often prudent to assemble a team of experienced advisers familiar with the process by which businesses are bought and sold. Team members ordinarily would include an accountant, tax adviser and attorney. Others could include a business valuation expert, environmental consultant and other professionals with particular expertise.

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