Posted by taxguru on August 2, 2006
Getting the Right Info Out of a Franchise Seller – And if you don’t have an accounting pro look over the books before buying a business, you’re nuts. I have long advised including in any business purchase contract an escape clause that says “subject to approval by buyer’s legal and financial advisors.” Frequently, before spending any time analyzing a company’s books, I just ask my clients if they are still interested in buying it. Rather than waste any more time crunching numbers, I just advise the clients to tell the seller that I do not approve the purchase. The escape clause doesn’t specify any particular reasons the buyer’s advisors must have for nixing a deal, so buyer remorse is a valid enough reason for me to okay them backing out.
Phone tax refund proving difficult to get from IRS – This is surprising to whom? As if anything could be simple with IRS.
Sorry, the comment form is closed at this time.
Tax Guru - Ker$tetter Letter 