There is a whole load of risks – and opportunities – that come with buying a business.
The existing owners often have compelling reasons to withhold certain information or exaggerate the strengths of their business. Unless you’re well-versed in these matters, it’s often very difficult to penetrate the superficial gloss and examine the company’s inner workings before you commit.
Our team at Lifetime Accounting can help you conduct comprehensive due diligence before purchase so that you know exactly what you’re signing up for. We’ll help you avoid the unforeseen legal or financial difficulties that can arise from a misjudged acquisition. Working with us will give you a clear picture of your new business’s earning potential, as well as any tax obligations or hidden liabilities.
If you’re selling a business, we can help guide you through the process from start to finish. We’ll get everything arranged tidily so that potential buyers don’t have any reason to dispute your asking price or doubt the value you have to offer. We’re also more than happy to advise you on the ideal time to sell, and whether selling is, in fact, a wise decision.
If you’d like to find out more about how we can help, we’d love to hear from you.