Roofing + Florida = Path to $100m
Acquiring Minds
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Navigating License Requirements and Ownership Dynamics in Business Transactions
The chapter delves into the intricacies of license requirements in business transactions, focusing on a situation where the SBA funded a deal without requiring proof of the business being licensed in the new owner's name. It also explores the dynamics of ownership structure in partnerships, including buying out partners, SBA loan restrictions, and informal agreements for future changes. Additionally, it discusses the concept of ROBS (Rollovers as Business Startups) and how individuals can leverage retirement funds to purchase businesses, emphasizing the tax efficiency benefits and personal equity distribution.
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