Buying a Business?
When you buy a business, you have much to consider. To start with, you need to consider the type of entity that owns the business now and the type of entity you will use to operate the business. On top of that, every asset of the business you are going to buy impacts your tax results. Let me suggest that you purchase the assets of the business rather than an ownership interest, for two reasons: You generally avoid exposure to unknown or undisclosed liabilities of the acquired