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Articles on Buying a Business

Clear Rock provides support and guidance to help you through the buying process. Having worked on such a wide range of transactions, we are familiar with many of the concerns, qualifications, and questions that you have as a Business Buyer. To that end we provide a wide range of articles to help you in the business buying process - ranging from general "how-to's" to articles on specific business types.

Feel free to contact a Clear Rock professional with any questions. We're here to make the process easier.



Buying or Selling a Business in Newark, New Jersey
Why Should Business Sellers Care About What Makes Newark Attractive? 
Hint: Because You Need to Attract Buyers! 

newark_skyline

Newark, New Jersey is the largest city or municipality in the state of New Jersey.  Its size alone can make it an ideal location for certain types of business.  Further, its close proximity to both New York City, Newark Airport, and the Newark Seaport as well as various government offices render it a commercial, financial and logistics hub.  Below we will highlight some of those features that make it attractive to own a business in Newark. 

 

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Buy or Sell a Business in Jersey City
Business in Jersey CityAre you looking to buy or sell a business in the Jersey City area?  It is a wonderful city, and there is a wide range of attributes that can make business ownership there quite fruitful.
 

Key Selling Points

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What You Need to Know About SBA Loans

sba_loanMost people interested in purchasing a business are probably well aware of the different available loan programs that help potential business owners become business owners.  For those just getting started in the process, here is some information regarding the Small Business Administration's most popular loan program, the 7(a).


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Understanding Asset vs. Stock Sales

Understanding the difference between an asset sale and a stock sale is a key element of any business transaction.  

Throughout the course of a business sale, a lot of energy is exerted in determining a price and marketing the business that is for sale.  However, as the process progresses some sellers will often ask seemingly innocuous questions similar to this one, “will my checking account transfer over to the new owner?” 


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9 Items That Should be in Your Closing Checklist

Buy Business ChecklistAlthough every sale is different, there are a number of common items that have to be completed in all business transactions.  Consult your broker and attorney regarding your specific situation, but we have provided the following "Checklist to buy a business" starting point to get you thinking about the tasks required for a closing.


Purchase Agreement
This is the main contractual document that outlines the key terms and conditions of the sale.  Both parties should review this document, making any required changes, prior to going to a closing.

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