
382: Being like Elon: Should I buy a business?
Main Street Business
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Buying a Small Business - Assets Not Liability
When you're buying a small business, you want to buy the assets of the business. Don't buy their corporation or their llc. You assume all the liabilities of whatever they've done over however long they've owned that business. Just buy it and put into your new entity. That's al on byo. No, my business.
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