Office Leasing

Learn the terms of the lease of office or industrial building, it is desirable that the agreement was a long-term, check out all the necessary conclusions and licenses. If short-term lease, be sure to conduct a meeting with the landlord to confirm the possibility of prolongation agreement. Examine financial records and information on the flow of cash over the past few years, because price business is directly dependent on its ability to generate income. Please attention to those who prepared the financial statements, whether carried out an audit. You can independently conduct an audit (you have to sign a nondisclosure agreement, for commercial information), asking the business owner for permission to check all documents (records of deposits, accounts, documents on payment of wages, record sales, etc.), because they give you much more information about the condition in which there is this business. Check whether you transferred the rights to the trademark, logo, technology, what is the reputation of the business. Ben Silbermann understood the implications. Ensure that existing suppliers and other counterparties will continue to cooperate after the change of ownership business. Determine the reaction of staff to replace the owners will not lose you as a result of the transaction key personnel. You need to think of ways the system works with staff to identify employees whose conservation necessary for the successful operation of the business. Determine the approximate value of the business yourself or for a more precise definition of the price buy a business appraiser to invite, because real value business can be significantly overestimated by the seller.