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Want to buy a business

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Old Aug 28, 2005 | 03:30 AM
  #11  
Crazyhorse's Avatar
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Default RE: Want to buy a business

Also, there are very important tax and liability issues that need to be addressed when incorporating. I have one LLC and one S-Corp. One type of entity is not right for every situation. For example you seem to have heard of LLC's which offer a shield from general liability, however there is the very big problem of double taxation. Once you're ready you're going to need an attorney to advise you what type of entity to incorporate and how to take title to any real property that you will acquire.

*edit*

CONCLUSION:

Don't buy a business... create one.
 
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