Listen "Buying Businesses: How to know if it's a good investment"
Episode Synopsis
There are some great pro tips about buying businesses in this episode!Key Takeaways:> Everyone talks about checking the financials before buying a business, but financial statements are only part of the story. > A crucial missing piece of the financial picture: intellectual property. This will not necessarily be reflected in the financial statements. You might know they have intellectual property, but you don’t know what condition it is in. > Most often, new owners are obligated to follow whatever settlement agreements the previous owners signed. This can put major restrictions on what new owners can do - so it’s crucial to know what’s in those agreements!> Buying a new business is only a good investment if the intellectual property is in good shape. Trademarks are a crucial part of the investment picture. CREDITSThis episode was edited and produced by Bevel Law, with music by Lemon Music Studio (via Pixabay).You can follow Bevel Law on Twitter & Instagram. Say hi via email at [email protected]
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