NHATTY.COM - Small Business

SMALL BUSINESS

STARTING A NEW BUSINESS?

HAVE YOU DECIDED WHICH ENTITY IS BEST FOR YOU?

Sole Proprietorship

Partnership

S- Corporation

C- Corporation

BUYING AN EXISTING BUSINESS?

HAVE YOU CONSIDERED THESE ISSUES?

Should you buy the business as a whole or just the business assets?
Does the Seller own what he is selling, free and clear of any liens?
Should you be a sole proprietor, partnership, corporation or other entity?
Should you - or can you -continue to use the present business name?
What recourse will you have if the Seller changes his mind after he's agreed to sell?
What if you change your mind after you've agreed to the purchase?
What happens if you can't get the financing you were counting on?
Is it better to pay the Seller outright, or to look for Seller financing?
What if you later learn that the Seller misrepresented the business?
How long will you be able to continue the business in its present location?
Will you be responsible for the debts and obligations of the business created by the Seller?
What are your liabilities for unpaid taxes of the Seller's business?
Do you have any obligation to the employees of the Seller?
Will your other assets be at risk because of this business?
EXPERIENCE HAS SHOWN THAT A CONSULTATION WITH US BEFORE GETTING INTO A CONTRACT IS GENERALLY LESS COSTLY THAN A CONSULTATION WITH US TO GET OUT OF ONE

Law Offices of
Leonard P. Shapiro, PA
161 Kinsley St.
PO Box 3581
Nashua, NH
03061-3581
Tel: (603) 883-0920
Fax: (603) 881-3343