Buying a business offers a faster path to entrepreneurship than starting from scratch. You get immediate access to customers, employees, equipment, and proven systems. This approach lets you skip the startup phase and focus on growing an established operation.

When you buy an existing business, you acquire real financial records, customer relationships, and operational infrastructure that makes securing financing easier than funding a brand-new venture. However, this process requires careful evaluation of why the business is for sale, thorough examination of its financial health, and understanding of any hidden problems. You need to assess everything from equipment condition to outstanding debts before making an offer.

The journey involves multiple steps, from identifying what type of business matches your skills to closing the deal with proper legal documents. You’ll need to search available listings, conduct due diligence, determine fair value, and arrange financing. Whether you work with a business broker or search independently, understanding each phase helps you avoid costly mistakes and find the right opportunity.

Key Takeaways

• Buying an existing business gives you immediate customers and proven operations instead of starting from zero

• You must conduct thorough due diligence by reviewing financial records, legal documents, and identifying potential problems before purchasing

• Multiple financing options exist for business acquisitions including bank loans, seller financing, and partnership arrangements

Understanding the Process of Buying Businesses

Buying a business involves following specific steps, evaluating advantages over starting from scratch, and recognizing potential problems that could derail your purchase.

Key Steps in Business Acquisition

The acquisition process typically takes one to two years from start to finish. You need to follow a clear sequence of actions to complete your purchase successfully.

Define your search criteria by assessing your skills, budget, and preferred industry. Determine how much you can spend and what type of business matches your experience. Set geographic limits and decide if you want an active management role or passive investment.

Find available businesses through online marketplaces, business brokers, or your professional network. Track each opportunity you review and keep detailed records of all information you gather.

Value the business using market multiples from similar sales. Most small businesses sell for 2-3 times their annual earnings, though this varies by industry. Work with an accountant to add back owner expenses like salary and personal vehicle costs to see the true cash flow.

Make an offer through a Letter of Intent that includes price, terms, and contingencies. Leave room for negotiation while staying within your maximum price limit.

Secure financing from SBA loans, traditional banks, seller financing, or personal assets. Plan for working capital beyond the purchase price.

Complete due diligence by verifying financial statements, examining contracts, and inspecting equipment. Your attorney and accountant should review all documents before you close the deal.

 

Benefits of Buying an Existing Business

An established business gives you immediate cash flow from day one. You skip the difficult startup phase where most new businesses fail.

The business already has trained employees who know how to run daily operations. You don’t need to hire and train an entire staff from scratch. Existing customer relationships provide steady revenue while you learn the business.

Proven systems and processes are in place for operations, marketing, and sales. You can evaluate actual financial performance instead of making projections about future success.

Securing financing is often easier for established businesses. Banks and SBA lenders prefer businesses with track records over untested startups. The seller may offer financing terms that reduce your upfront cash needs.

You gain immediate market presence with brand recognition and reputation. Suppliers, vendors, and customers already know the business. This “buy then build” approach lets you focus on growth and improvements rather than survival.

 

Potential Risks and Common Pitfalls

Overpaying for the business is the most common mistake. Buyers get emotionally attached to a business and ignore warning signs in the financials. Stick to your maximum price and walk away if negotiations exceed fair market value.

Skipping thorough due diligence can hide serious problems. Review at least three years of tax returns and financial statements. Verify customer contracts, equipment condition, and lease terms. Small discrepancies are normal, but major differences require price adjustments.

Assuming the business will run itself leads to rapid decline. Even businesses with strong systems need active management and strategic decisions. Plan for your transition period and understand the time commitment required.

Insufficient working capital causes cash flow problems after closing. Keep reserves for unexpected expenses, seasonal fluctuations, and operational needs during your first year.

Ignoring why the owner is selling can reveal hidden issues. Declining sales, new competition, or changing market conditions may be the real motivation behind the sale.

 

Determining Your Acquisition Criteria

Before you start looking at specific businesses to buy, you need to establish clear standards for what you’re looking for. These criteria will help you filter opportunities quickly and focus your time on businesses that match your capabilities and goals.

Defining Your Skills and Experience

Your background directly affects which businesses you can run successfully. Start by listing your specific work experience, industry knowledge, and technical skills. If you’ve spent ten years in software sales, you’ll understand SaaS businesses better than manufacturing operations.

Consider your management experience separately. Running a business requires skills like hiring employees, managing cash flow, and making strategic decisions. If you’ve never managed people, a business with 20 employees might be harder to operate than a smaller team of five.

 

Key skills to evaluate:

• Industry-specific knowledge

• Financial management abilities

• Sales and marketing experience

• Operations and process management

• Technology proficiency

Be honest about your weaknesses too. You can learn new skills or hire experts to fill gaps, but you need to know what those gaps are. A business that requires deep technical expertise you don’t have will need either a long learning period or a technical partner.

 

Setting Budget and Resource Limits

Your financial capacity sets hard limits on which businesses you can actually buy. Calculate your total available capital, including savings, retirement funds you’re willing to use, and potential loans. Most small business purchases require 20-30% down payment if you use SBA financing.

Don’t just consider the purchase price. You’ll need working capital to run the business during the transition period. Plan for at least three to six months of operating expenses in reserve. This covers payroll, rent, inventory, and unexpected costs while you learn the business.

Create a budget range rather than a single number. You might target businesses valued between $500,000 and $750,000 if you have $150,000 to invest. This gives you negotiating room and multiple options to evaluate.

Think about your time investment too. Some businesses need full-time involvement while others can run with part-time oversight. Be realistic about how many hours per week you can commit.

 

Aligning Personal Goals With Business Opportunities

Your reasons for buying a business should guide which types you pursue. If you want to replace a $100,000 salary, you need a business that generates enough profit to pay you that amount after covering all expenses. If you’re building wealth for retirement, you might accept lower current income for higher business value growth.

Location matters for your lifestyle. A business requiring daily on-site presence limits you geographically. Remote or semi-absentee businesses offer more flexibility but often cost more relative to their earnings.

Consider your exit timeline. If you plan to sell in five years, look for businesses with growth potential. If you want to run it for 20 years, stability and consistent cash flow matter more than rapid growth. Your risk tolerance plays a role too. Declining industries offer lower prices but more uncertainty, while stable mature businesses cost more but provide predictable income.

 

Finding Businesses for Sale

You can find businesses for sale through online marketplaces, business brokers, or private networks. Each method offers different levels of access, verification, and support during your search.

 

Business Listing Marketplaces and Websites

Online marketplaces give you access to thousands of business listings across different industries and price ranges. Major platforms like BizBuySell, Venturu, and BizScout let you search by location, industry, revenue, and asking price. You can filter results using specific criteria to match your budget and goals.

Most marketplaces show basic information like asking price, revenue, and cash flow before you contact the seller. Some platforms verify their listings and provide tools to evaluate businesses. Free platforms like GlobalBX offer access to over 42,000 listings worldwide without membership fees.

Key features to look for:

• Map-based search tools

• Verified listings

• Financial data transparency

• Direct seller contact options

• International business availability

You should check multiple platforms since sellers often list exclusively on one site. Create accounts on 3-5 major marketplaces to maximize your options.

 

Working With Business Brokers

Business brokers act as intermediaries between buyers and sellers, handling negotiations and paperwork. They maintain private listings that never appear on public marketplaces. Brokers typically represent sellers and earn 8-12% of the sale price as commission.

Using a broker saves you time on due diligence and valuation work. They pre-screen businesses and verify financial information before showing you opportunities. Many brokers specialize in specific industries or business sizes, giving them deeper market knowledge.

You pay nothing as a buyer since sellers cover the broker’s fee. However, brokers may push deals that benefit their commission rather than your interests. Always conduct your own research and hire independent advisors for major purchases.

 

Exploring Off-Market and Network Opportunities

Many business sales happen privately without public listings. You can find these deals through your professional network, industry contacts, or direct outreach to business owners. Off-market opportunities often have less competition and better negotiation potential.

Attend industry conferences, join business owner groups, and connect with accountants or lawyers who work with small businesses. Let people know you’re actively looking to buy. Some platforms like Rejigg specialize in connecting buyers directly with sellers to skip broker fees.

Cold outreach works for businesses you want to acquire. Identify companies that match your criteria and contact owners directly with a purchase proposal. Many owners consider selling when approached by serious buyers, even if they haven’t listed their business.

 

Evaluating Business Opportunities

When you evaluate a business opportunity, you need to look beyond the asking price and examine three critical areas: the market conditions, the company’s financial health, and why the owner wants to sell. Each of these factors reveals important information about the real value and potential risks of the acquisition.

 

Conducting Market and Industry Analysis

You need to understand where the business stands in its market and how the industry is performing. Start by researching industry growth rates and trends over the past three to five years. Look at whether the market is expanding, stable, or declining.

Check who the major competitors are and what market share they hold. You should identify what makes this business different from its competitors and whether those advantages can last. Ask whether the business depends heavily on a few large customers or has a diverse customer base.

Research any regulatory changes or technology shifts that could affect the industry. Some sectors face new compliance requirements or disruption from emerging technologies. You also need to assess local market conditions if the business serves a specific geographic area.

Pay attention to seasonal patterns and economic sensitivity. Businesses that rely on discretionary spending may struggle during economic downturns. Understanding these market dynamics helps you predict future performance and identify potential obstacles.

Assessing Financial Performance and Sustainability

You must review at least three years of financial statements to spot trends in revenue and profitability. Look at whether sales are growing, flat, or declining year over year. Check the profit margins to see how much the business keeps from each dollar of revenue.

Focus on cash flow, not just reported profits. A business can show profit on paper but still run out of cash. Review the EBITDA (earnings before interest, taxes, depreciation, and amortization) to understand operational profitability.

 

Key financial metrics to examine:

• Historical revenue growth patterns

• Gross profit margins and operating margins

• Consistency of cash flow generation

• Customer concentration (percentage of revenue from top clients)

• Outstanding debts and repayment obligations

Ask for financial projections for the next two years and evaluate whether the assumptions behind those numbers are realistic. Be cautious of businesses where personal expenses are mixed with business expenses on the financial statements.

Understanding the Seller’s Motivation

You need to know why the owner wants to sell because the reason affects the true value and future prospects of the business. Common motivations include retirement, health issues, burnout, or desire to pursue other opportunities. These reasons are typically straightforward and less concerning.

Be more careful when sellers cite “too busy” or “other commitments” as reasons. These explanations might hide problems like declining sales, increased competition, or operational challenges. Ask direct questions about what challenges the business currently faces.

Find out how long the owner has been considering the sale and whether they’ve had previous offers that fell through. If multiple potential buyers walked away, that’s a red flag. You should also learn whether the owner plans to stay involved during a transition period or leave immediately after closing.

Talk to the owner about their relationships with key customers and employees. If the business depends heavily on the owner’s personal relationships, you may lose revenue after the transition. Understanding the real motivation helps you negotiate better terms and prepare for potential challenges after the purchase.

 

Business Valuation and Due Diligence

Determining what a business is worth and investigating its true condition requires careful analysis of financial data, legal obligations, and potential risks. These steps protect you from overpaying and help you avoid unexpected problems after the purchase.

Methods for Business Appraisal

Three main approaches exist for valuing a business. Each method works better for different types of companies.

Asset-based valuation calculates worth by adding up what the business owns. This method works best when a business is struggling or closing down. You simply total the value of inventory, equipment, real estate, and other physical assets.

Income-approach valuation focuses on future earning potential rather than physical items. This approach suits service businesses or companies with few tangible assets. You estimate future cash flows and discount them to present value. Professional services, consulting firms, and technology companies often use this method.

Market-approach valuation compares the business to similar companies that recently sold. This is the most common method for small businesses. You look at sale prices of comparable businesses in the same industry and adjust for differences in size, location, and performance.

Your valuation should consider current economic conditions, historical earnings patterns, and growth potential in the target market.

 

Legal and Regulatory Considerations

You need to verify that the business complies with all legal requirements before purchasing. Check for active licenses, permits, and proper zoning approvals.

Review existing contracts with suppliers, employees, and customers. Pay attention to expiration dates, renewal terms, and any unusual clauses. Some agreements may restrict how you operate the business or require you to share future profits.

Key legal items to examine:

• Outstanding lawsuits or judgments

• Tax liens or unpaid obligations

• Environmental compliance records

• Health and safety certifications

• Intellectual property ownership

• Non-compete agreements

Confirm that the business actually owns the assets being sold. Equipment, vehicles, or property might be leased or financed rather than owned outright.

 

Identifying Hidden Liabilities

Hidden debts and obligations can destroy the value of your purchase. You must dig deep into financial records to find problems the seller might not mention.

Request at least three years of tax returns and compare them to financial statements. Differences between these documents often reveal issues. Look at accounts receivable to see if customers actually pay their bills on time.

Examine debt schedules carefully. Some obligations transfer to you as the new owner. Employee agreements may include provisions for severance pay, profit sharing, or deferred compensation that become your responsibility.

Check for warranty claims, customer disputes, or pending refunds that could cost you money. Review insurance policies to identify coverage gaps or high-risk areas. Ask about informal agreements or handshake deals that create obligations without written contracts.

Consider hiring an accountant or attorney to review complex financial and legal documents. Their expertise helps catch problems you might miss.

 

Negotiating and Closing the Deal

Getting the price right and structuring the deal properly will protect your investment. You also need to ensure contracts cover all important terms and plan for a smooth handoff after the purchase.

Purchase Price and Deal Structure

The purchase price is more than just a single number. You need to consider how the payment will be structured over time.

Common deal structures include:

• All-cash payment – You pay the full amount at closing

• Seller financing – The seller allows you to pay over time with interest

• Earnouts – Part of the price depends on future business performance

• Asset vs. stock purchase – You buy either the company’s assets or its ownership shares

Each structure affects your tax obligations and financial risk differently. Asset purchases typically give you better tax benefits because you can depreciate the acquired assets. Stock purchases are simpler but may include hidden liabilities.

Base your offer on the business valuation you completed during due diligence. Look at the company’s financial statements, cash flow, and growth potential. Include recent earnings reports and industry benchmarks to support your proposed price.

You should also factor in any needed repairs, equipment upgrades, or working capital requirements. These costs reduce what you can reasonably pay for the business itself.

 

Drafting and Reviewing Acquisition Contracts

The purchase agreement is a legally binding document that outlines every detail of the transaction. This contract must clearly state the purchase price, payment terms, what is being sold, and the closing date.

Key contract sections include:

• Representations and warranties – Statements the seller makes about the business condition

• Indemnification clauses – Who pays if problems arise after closing

• Non-compete agreements – Restrictions on the seller starting a competing business

• Contingencies – Conditions that must be met before the deal closes

Hire an attorney who specializes in business acquisitions to review the contract. They will spot potential issues and protect your interests. Pay special attention to any undisclosed liabilities or pending legal matters.

Request an escrow account to hold part of the purchase price for a set period. This protects you if the seller’s representations turn out to be false.

 

Transition Planning and Post-Acquisition Steps

A detailed transition plan ensures the business continues running smoothly after you take ownership. Start planning this process before you close the deal.

Work with the seller to create a handoff timeline. Most transitions work best when the previous owner stays involved for 30 to 90 days. They can introduce you to key customers, explain operational procedures, and train staff.

Document all passwords, vendor contacts, and standard operating procedures during this period. Meet with employees to address their concerns and establish your leadership. Maintain relationships with major customers and suppliers by contacting them personally.

Review all existing contracts and agreements within your first 30 days. You need to understand your obligations and identify any unfavorable terms you inherited.

Set up new bank accounts and update business licenses, permits, and insurance policies in your name. Transfer utilities and service agreements to avoid any disruption. Keep detailed records of all changes you make during the transition period.

Financing Your Business Purchase

You’ll need to explore multiple financing options when buying a business, from traditional bank loans to creative arrangements with the seller. Most buyers use a combination of funding sources, and lenders typically require a 20% to 25% down payment.

 

Securing Traditional and SBA Loans

Banks and credit unions offer term loans for business acquisitions, but they require strong personal credit and substantial collateral. You’ll need to provide financial statements from the business you want to buy, including cash flow data, operating expenses, and asset valuations.

SBA 7(a) loans are the most common option for business purchases. These loans allow you to acquire an existing business with government backing, which makes banks more willing to lend. You must meet specific eligibility requirements and submit detailed financial documents.

Online lenders provide faster approval than traditional banks but often charge higher interest rates. They evaluate both your personal financial situation and the target business’s performance. You should gather federal income tax returns, personal asset information, and your credit score before applying.

Most lenders want to see that the business generates enough cash flow to cover the loan payments plus your living expenses.

 

Understanding Seller Financing Options

Sellers typically finance 5% to 60% of the purchase price, acting as the lender themselves. You make regular payments to the seller with interest, similar to a bank loan. This arrangement works well when you can’t secure full funding from traditional sources.

Key seller financing terms include:

• Down payment of at least one-third upfront

• Interest rates negotiated between you and the seller

• Personal guarantees or additional collateral requirements

• Repayment periods ranging from 3 to 10 years

Sellers often prefer this option because they can earn interest on the sale and may receive tax benefits by spreading income over multiple years. You benefit from easier approval since the seller already knows the business can support the payments.

 

Preparing Financial Projections for Lenders

Lenders require detailed financial projections to evaluate whether you can repay the loan. You need to prepare a comprehensive business plan that includes projected income statements, cash flow forecasts, and balance sheets for at least three years.

Start by analyzing the business’s historical financial performance. Review at least three years of tax returns, profit and loss statements, and balance sheets. Use this data to create realistic projections that account for any changes you plan to make.

Your projections must show how you’ll generate enough revenue to cover loan payments, operating expenses, and owner compensation. Include assumptions about sales growth, cost changes, and market conditions. Lenders will scrutinize these numbers carefully, so base them on actual industry data and the business’s track record.

 

 

Trends and Opportunities in Buying Businesses

The business acquisition market in 2026 continues to shift toward digital operations, service-based companies, and niche brands. New technology platforms are making it easier to find and evaluate opportunities, while regional markets show distinct patterns based on local economic conditions.

Industries Gaining Popularity in 2026

Service-based businesses lead acquisition activity as baby boomer owners retire and sell their companies. HVAC, plumbing, healthcare, and home improvement businesses attract buyers because they generate steady cash flow and remain stable during economic downturns.

Digital-first businesses continue to see strong demand. E-commerce stores, subscription-based software companies, and content-driven brands appeal to buyers looking for scalable operations with lower overhead costs. These businesses grew 35% year-over-year in recent market data.

Essential services remain recession-resistant investments. Over 50% of small business acquisitions in the past year involved service sector companies. These businesses typically have established customer bases and local brand recognition that reduce risk for new owners.

AI-integrated businesses command higher valuations. Companies using automation tools for customer service, financial tracking, or operations see 20-30% increases in efficiency. Buyers pay premiums for businesses that have already implemented these technologies.

 

Emerging Marketplaces and Technology Platforms

Online business marketplaces now use AI to match buyers with suitable opportunities. These platforms analyze financial data, industry trends, and buyer preferences to surface relevant listings faster than traditional methods.

Micro-acquisition platforms specifically target deals under $1 million. These specialized marketplaces have grown 50% year-over-year as first-time buyers enter the market. The platforms simplify due diligence and offer standardized documentation.

Digital tools for business valuation provide instant estimates based on revenue multiples, industry benchmarks, and market conditions. You can assess potential acquisitions before contacting sellers.

Financing platforms connect buyers with alternative funding sources beyond traditional banks. These include seller financing arrangements, which now appear in 40% of small business deals due to higher interest rates making conventional loans more expensive.

 

Regional Differences in Business Acquisitions

Coastal markets show higher valuations for technology and digital businesses. Urban areas in tech hubs command premium prices due to competition among buyers and access to skilled workers.

Midwest and rural regions offer lower entry prices for service businesses. These areas have aging business owners ready to sell at reasonable multiples, creating opportunities for buyers with smaller budgets.

Local economic conditions affect which industries perform best. Areas with housing growth see increased demand for home services businesses. Regions with tourism recover see hospitality-related acquisitions increase.

Competition levels vary significantly by location. Metropolitan areas have more buyers pursuing each listing, while smaller markets may have limited buyer pools. You need to adjust your strategy based on regional market dynamics and typical deal timelines in your target area.

Frequently Asked Questions

Understanding the practical aspects of acquiring a business requires clear answers to common concerns about due diligence procedures, funding mechanisms, cross-border transactions, valuation methods, marketplace resources, and systematic preparation protocols.

 

What are the key steps in the due diligence process when acquiring a business?

You need to start by examining the company’s financial records for the past three years. Request tax returns, profit and loss statements, balance sheets, and bank statements to verify the business actually generates the revenue claimed by the seller.

Review all legal documents next. This includes licenses, permits, contracts with suppliers and customers, lease agreements, and any pending or past litigation. You should also confirm that the business complies with zoning laws and industry regulations.

Assess the operational structure of the business. Talk to key employees to understand daily workflows and identify any dependencies on specific staff members. Evaluate the condition of physical assets and inventory levels.

Investigate the customer base and market position. Ask for a list of major customers and determine if losing any single client would threaten the business. Research competitors and industry trends to understand long-term viability.

 

What financing options are available for purchasing an existing business?

Traditional bank loans through the Small Business Administration (SBA) offer some of the lowest interest rates available. The SBA 7(a) loan program specifically covers business acquisitions and can finance up to 90% of the purchase price.

Seller financing allows you to pay the current owner over time instead of securing full funding upfront. This arrangement typically requires a down payment of 20-30% and demonstrates the seller’s confidence in the business’s continued success.

You can tap into personal savings, home equity, or retirement accounts like a 401(k) through a ROBS (Rollover for Business Startups) arrangement. This option avoids early withdrawal penalties but puts your personal assets at risk.

Private investors or venture capital firms provide another avenue if you’re purchasing a high-growth business. These funding sources usually require giving up equity and accepting some level of outside control over business decisions.

 

How can a foreign investor successfully purchase a business in the USA?

You must establish a legal presence in the United States before completing the transaction. Form a U.S. business entity such as an LLC or corporation to own the business you’re acquiring.

Obtain an Employer Identification Number (EIN) from the IRS for tax purposes. You’ll also need to open a U.S. bank account in your business entity’s name to handle transactions and maintain clear financial records.

Work with an immigration attorney to secure the appropriate visa if you plan to actively manage the business. The E-2 treaty investor visa allows citizens from certain countries to enter and work in the U.S. when making a substantial investment.

Partner with professionals who understand cross-border transactions. You’ll need a U.S.-based attorney, accountant, and business broker who can navigate state-specific regulations and federal compliance requirements.

 

What criteria should be used to evaluate the fair market value of a small business for sale?

Calculate the multiple of earnings by examining the seller’s discretionary earnings (SDE). Most small businesses sell for 2-4 times their annual SDE, which includes the owner’s salary, benefits, and other discretionary expenses added back to net profit.

Compare the asking price to recent sales of similar businesses in the same industry and geographic area. Industry-specific multiples vary significantly between a retail store, a service business, and a manufacturing company.

Assess the value of tangible assets including equipment, inventory, and real estate. Subtract any outstanding debts and liabilities from this total to determine the net asset value.

Consider intangible factors that affect value. A business with long-term customer contracts, proprietary technology, or a strong brand commands a premium over one heavily dependent on the current owner’s personal relationships.

 

What are the best online platforms to find businesses for sale?

BizBuySell serves as the largest online marketplace for buying and selling small businesses in North America. The platform lists thousands of opportunities across all industries with detailed financial information and seller contact details.

Flippa specializes in digital businesses and websites. You’ll find e-commerce stores, SaaS companies, and content sites with transparent traffic and revenue data.

BizQuest connects buyers with business brokers nationwide. The site includes franchise opportunities alongside independent businesses and provides valuation tools to help you assess listings.

Local business brokerages maintain their own websites with exclusive listings not found on national platforms. Search for brokers in your target geographic area to access these opportunities before they reach wider distribution.

 

What is a comprehensive checklist to follow when buying an existing business?

Create a preliminary assessment that covers your budget, industry knowledge, and time commitment. Define what you want from the acquisition before you start searching for opportunities.

Request and verify all financial documentation. You need three years of tax returns, current profit and loss statements, accounts receivable and payable aging reports, and evidence of claimed cash flow.

Examine all contracts and legal obligations. Review employee agreements, supplier contracts, customer contracts, lease agreements, loan documents, and any ongoing legal matters.

Conduct physical and operational inspections. Visit the location during different times and days to observe actual operations, meet staff members, and assess the condition of equipment and facilities.

Evaluate the workforce and organizational structure. Determine if key employees plan to stay after the sale and whether existing compensation packages align with your budget.

Arrange for professional valuations and inspections. Hire an accountant to review financial statements and an attorney to examine all legal documents before you make a final offer.

Secure financing commitments in writing before entering negotiations. Know exactly how much you can spend and have lender approval documented.

Negotiate the purchase agreement with clearly defined terms. Include provisions for the transition period, training from the seller, and protections against undisclosed liabilities.

Plan for the transition period after closing. Set up new bank accounts, transfer licenses and permits, notify customers and suppliers, and establish your management systems.

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