Buying a Business: Tax and Financial Stuff You Need to Know (Perfect Bound Book) 8.5 X 11, 112 pages

	Our Price $24.99 Members Price CAD $20.99

This easy-to-read book was written by a Chartered Accountant (CA) with a sense of humour and a wealth of experience in dealing with business owners and managers. It provides information which will prevent potential business owners who are buying a business from making expensive mistakes. Buy this book and learn:

The Buying Process Buying a business can be quite an adventure. The process is explained clearly. Do you want to invest in a business or actually run a business? If you are considering running a business then you need to assess what skills you have and what kind of a business you might be comfortable running. In addition, you want to do something you are good at so you can make a living doing it! Make a frank assessment of your skills and background and decide what areas of business grab your interest or attention.

Get the Numbers When you are deciding whether or not to buy a particular business, one of the first things you or one of your advisors is going to ask for are the financial statements of the business you wish to purchase. This book explains the basics of how to read these statements.

How Much Should You Offer? Deciding how much to offer for a business is a decision influenced by your negotiating style. One does not normally offer as much as one is prepared to pay on the first offer. Similarly, the seller has a price in mind and has often increased the asking price substantially over that price, in order to provide room to negotiate.

Shares Or Assets -- Which Should You Buy? When considering buying a business one of the questions to be answered is: Do you want to buy the shares or the assets? This book explains why you may be able to pay the seller less money if you buy the shares than if you buy the assets.

Why You May Need a Holding Corporation The main reason for using a holding corporation is one of taxation. If you buy the business personally, then you will be using personal, after tax funds to pay for it. This is not such a problem if you already have the purchase amount in a bank account, but the strategy changes if you are going to be borrowing the funds you need to make the purchase.

Financing Your Business Purchase -- Options How you plan to finance the purchase of this new business is a very important decision. Financing generally breaks down into two types: debt or equity. Financing the acquisition of a business depends on a number of factors such as the profitability of the business itself, your credit rating, and whether or not you are buying assets or shares.

The Offer -- Important Areas to Consider Putting the purchase agreement on paper is a very important step in the process of buying a business. The clearer you can be about the key points in the agreement, the better, as this will save you legal bills both now, and maybe later, if there is any dispute about the agreement. Nothing beats a clearly worded, comprehensive agreement.