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    4 Replies Latest reply on Apr 12, 2011 4:29 PM by mrmarvels

    small business

    lilone Newbie

      if a business was giving to me how do i go about putting into my name?

        • small business
          wordperfect Scout

          Your question is so darn wide and general that few people would have time to write a wide general reply.

          A short answer would be;

          "talk to a lawyer" as well as an accountant and maybe a few other professionals

          Try again giving some more detailed and defined info.

          May I suggest that your question tends to lead one to think you are not ready to be  a business person, "Getting a business" isn't like getting a puppy or a mobile phone.

          • small business
            kingwholesales1 Wayfarer

            I would gather all legal documents that you can find on the business and take to a lawyer. Always consult a lawyer when taking over a new business. You might be in for a surprise if you find out that the business your taking over owes alot of outstanding debts.  Just food for thought.

            • small business
              mrmarvels Newbie

              Ha...I've been burned by this one.

              My Reply: BE SURE

              Legally sever the new business from the old business.

              It's easier than you may imagine. All on paper, close the old business, open the new business. Once we even bought all the clients from a badly managed business for $1, sent out under new management welcome letters to all clients etc.

              The key is to sever liability but keep all the goodwill / clients, records etc.

              You don't have to keep it a secret from clients but it is really none of their business.