Chapter 13: Buying a Business

Short Answer

1.

Once you’re ready to look for a business to buy, you will need to learn how to find businesses for sale. List 5 ways that will help you do that.

2.

What are tangible assets?

3.

People have all kinds of reasons for selling a business. List some reasons for selling a business that can favour the buyer.

4.

If you decide to buy a business and are asked to put down a deposit, how would you protect yourself?

5.

What is a lien?