Welcome to the new Business Services website!

Purchasing a Business

Things to Consider

When buying or transferring a business, many of the same considerations apply as in starting a new business. With the help of a licensed professional, you should consider:

  • Your tax liability
  • Which taxes are applicable to your business
  • Whether or not the existing business entity designation is still applicable for your business plans in the future. (See Developing a Business Plan)

Things to Process

If you are purchasing or taking ownership of a business you will have to go through the same procedure as a new business.

These steps include: