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Buying a Business Checklist

Overview
- The Buying a Business Checklist should help anyone who is preparing to purchase an existing business to make sure necessary tasks are completed before, during and after the purchase.
- Starting a business is a difficult process.  Because of the perils inherent in starting from scratch and the uncertainty of knowing whether a new business will be successful, many people prefer to purchase an existing business.  
- This checklist will assist a potential business buyer in the steps involved in selecting a business, negotiating a deal, closing the purchase and beginning operations.
- Although the advice of a lawyer, accountant and other professional advisors is encouraged, the person buying the business can complete many steps.  Taking care of even a few of these steps should save money.  In addition, the checklist is useful to help evaluate whether your advisors are following through on the jobs that must be done.
- Before beginning the process of buying a business, print this checklist and review it.  This will give you a better grasp of the overall process, and help you define the way you want to approach your transaction.
- Once you identify a target business, return to the checklist and keep track of each task as completed.  Edit the checklist to add tasks that are unique to your purchase.

When You Need It
- To help anyone who is preparing to purchase an existing business make sure necessary tasks are completed before, during and after the purchase.


Getting Started

You will need:
- To review the topics contained in this Checklist to become familiar with the process of buying a business and what tasks you will need to complete.

When to Review and Revise 
- To correct the information contained in the checklist.
- To draft another Buying a Business Checklist.