Hartford Business Brokers
We Are "Business Broker Professionals"

Business Articles

Basic Steps When Buying a Business

Submitted by HBBFL on Tue, 06/20/2017 - 21:12

When potential buyers contact us we generally start off the conversation by asking the question "Why do you want to buy a business"? These are generally the 3-4 responses we receive.They range from it that time in your life when you don't want to work for someone else and have the desire is there to purchase a business. Or you are in between jobs, or seeking a career change. Or you have been out of college for a couple of years and its that time to go into your own business.

The New 2018 IRS Tax Code - When Purchasing a Business – Should You Form an LLC or an “S” Corporation?

Submitted by HBBFL on Tue, 06/20/2017 - 16:32

Probably the most important step. Whether your going to purchase or start a business - you are immediately confronted with what should the legal form of ownership for your new business be, in other words should you be a sole proprietor, LLC, LLP, S Corp or C Corp. You should get out in front of this long before you purchase or start your business. Accounting professionals have different views on this but we say to you to first take a look at the competitors and the industry that you are buying the business to see what type of company formation many of them undertake.