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Business Articles

Steps When Buying a Business

Submitted byHBBVA onMon, 08/28/2023 - 09:00

When a buyer contacts us we generally start off the conversation by asking the question "What's your reason for buying a business"? These are generally the 3-4 responses we receive. They range from it that time in your life when you don't want to work for someone else and have the desire is there to purchase a business. Or you are in between jobs, or seeking a career change. Or you have been out of college for a couple of years and its that time to go into your own business.

Purchasing a Business – Should You Form an LLC or an “S” Corporation?

Submitted byHBBVA onSun, 08/06/2023 - 09:00

This is one of the most important business organization steps you will take. With the passage of the new tax laws here is another consideration. Whether your going to purchase or start a business - you are immediately confronted with what should the legal form of ownership for your new business be, in other words should you be a sole proprietor, LLC, LLP, S Corp or C Corp. You should get out in front of this long before you purchase or start your business.