Buying A Business Is An Alternative To Creating One

Buying A Business Is An Alternative To Creating One

There are a lot of reasons people in Louisiana chose the path of entrepreneurship over working for someone else. There’s a difference between being good at something and figuring out how to make money pursuing it for a living. One way to jump-start the path to success is to consider buying an existing business rather than starting one from the ground up.

An initial consideration concerns the type of business that would be appropriate. Experienced business consultants indicate that a stand-alone business, a franchise or something less formal such as a consulting company are among the options based on the nature of the business and the prospective owner’s skills, background and preferences. Based on the existing market, it may take some time for an opportunity to arise, or there may be multiple options to choose from.

Legal Peace Of Mind Is Just A Click Away

Call For A Consultation 225-763-2272

No matter what type of business a person invests in, the company must be thoroughly investigated in regard to its past history, current status and economic viability for the future. The prospective buyer must do his or her due diligence to be sure that the purchase is the right one. If so, there must also be a detailed and well-reasoned plan for financing the enterprise, which allows for variables and the unexpected, as well as permitting some time for revenues to build after acquisition.

To effectively put all the pieces together and make an informed decision, it may be prudent to consult a lawyer who is experienced in the purchase and sale of businesses. The time and effort put in before purchase might help prevent costly mistakes down the road.

Recent Posts

Categories

Archives

Over 40 years of Experience

Accessible. Accommodating. Your Partners In The Legal Realm

We are not just your attorneys, but your partners in the legal realm. As in any partnership, we believe communication is key. We ask the right questions to learn about your situation and goals. Then we work with you to design a resolution strategy that makes the most sense for you or your business.

As your case progresses, you will find that we are easily accessible by phone, text or email. We strive to be accommodating in setting appointments around our clients’ busy schedules, even if that means early mornings or late evenings. We pride ourselves on creating a welcoming, helpful environment.

Call For A Consultation 225-763-2272

The Partnership

Begins With A Consultation

Andrew B. Ezell & Andrew K. Nicolas
Andrew B. Ezell & Andrew K. Nicolas

contact us today

Fields marked with an * are required

"*" indicates required fields

I Have Read The Disclaimer*
This field is for validation purposes and should be left unchanged.