Florida’s Premier Business Brokerage
The information in this section is intended for prospective Florida business Buyers. There are numerous laws and regulations required to legally own and operate a business in the State of Florida. Unfortunately, it would be impossible to prepare an exhaustive or comprehensive list of everything a business buyer will need to do to prepare to assume the ownership and operation of an existing business. Every business is different and has unique requirements. A buyer of an existing Florida business should consult their attorney and accountant and work closely with these professional advisors, along with the seller of the business, in order to research and properly prepare to assume legal ownership and operation of the business. We hope this brief introduction prompts you to do the necessary due diligence and research to become a successful owner of a legally owned and operated business.
Once a Buyer is committed to closing on the sale of a business, there is much to do. The list of tasks varies greatly depending the type, size and complexity of the business, the Buyer’s preferences and the legal requirements to own and operate the specific business being acquired. Although most Sellers are very helpful and obligated contractually to assist in the transfer of the business, practically speaking it is up to the Buyer to hire an accountant, seek legal advice from an attorney and take all of the appropriate steps to make sure they meet all of the legal requirements to own and operate the business at the time they assume ownership.
Some of the items on a checklist that may need completed prior to buying an existing business may include: