While the following list does not cover everything, it does provide a basic overview for anyone wanting to buy or start a small business. It assumes technical competence on the part of the entrepreneur with regard to the goods or services he will supply. It also assumes a lawyer and accountant will be consulted when appropriate. If you are the entrepreneur, there are three main subtexts you will need to consider depending on your situation:
Are you buying an existing business?
Are you starting from scratch?
Will you be employing or hiring workers?
Each of these will require special consideration.
Starting out by purchasing an existing business?