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Getting the Right Info Out of a Franchise Seller – And if you don’t have an accounting pro look over the books before buying a business, you’re nuts. I have long advised including in any business purchase contract an escape clause that says “subject to approval by buyer’s legal and financial advisors.” Frequently, before spending any time analyzing a company's books, I just ask my clients if they are still interested in buying it. Rather than waste any more time crunching numbers, I just advise the clients to tell the seller that I do not approve the purchase. The escape clause doesn’t specify any particular reasons the buyer’s advisors must have for nixing a deal, so buyer remorse is a valid enough reason for me to okay them backing out.
Phone tax refund proving difficult to get from IRS – This is surprising to whom? As if anything could be simple with IRS.
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 8/02/2006 09:02:00 PM Send this post:
