Buying a Business - What you need to know

Starting a business from scratch is one of the most rewarding – and difficult – challenges to undertake. It takes time, effort, and unconditional (and sometimes unrequited) love to grow a business. This is why many are considering purchasing an existing business with proven systems, policies, customers, and financial history. This webinar will teach the basics of buying a business, such as conducting “due diligence”- inspecting the financial records, contracts and business assets; determining the value of the business; preparing contracts and related purchase-and-sale documents; tax considerations; and knowing when to “walk away” from a deal.

Funded in part through a cooperative agreement with the U.S. SBA. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact kelsey.riordan@maine.edu