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Follow the ABCs of Buying a Business

Follow the ABCs of Buying a Business

By Nina Kaufman, Esq.

Make sure you dot all your i’s and cross all your t’s before signing on the dotted line. Make no bones about it; buying a business is a big deal. Depending on whether you buy all or part of a business, your investment will likely result in the largest single asset you ever own. Don’t be careless or naive. Don’t rely on someone’s word alone to verify the condition of the business. Don’t move forward without the sound advice of legal and tax counsel. Yes, there are a lot of don’ts. But what should you do? Here’s a list of steps you can take (not necessarily in order of execution) to make sure you get educated . . . and protected: Ask lots of questions. In particular, get information about the finances, marketing, ownership and operations of the business. Be sure that buying the business fits into your life plan. Is this really the time for you to dive into entrepreneurship? Clarify with the seller why he or she wants to sell the business. Is he…

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Nina Kaufman

Flying solo doesn’t have to mean going it alone.

I’m Nina Kaufman.

I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.

With wide-ranging experience as a business attorney, strategist, and media authority, I bring the added power of a business lens to the legal issues my clients are facing.

And because I’ve been a business owner myself, I’ve lived through the soaring highs and devastating lows – like when my first law firm failed. So I understand what’s involved to serve great clients, detect business risks early and build a true legacy.

I can’t get those 12 years back. That’s why I have made it my mission to ensure that business professionals like you can become wise and discerning leaders, build a solid business, and live your best life.