Buying a Business

Buying or starting a business should always be seen as one of the major investments of your life; a major investment of your time, money, and lifestyle. Doesn’t it make sense to get professional advice to help you;

• Choose the right business
• Pay the right price
• Protect yourself from the major pitfalls
• Protect your personal assets (e.g. your home)  from business risks.

The major reason why businesses fail, or never pay back to the owner any more than a weekly wage (at a low hourly rate), is a lack of management expertise. Alands can help you:

• Decide on the most suitable structure for your business - sole trader, partnership, trust or company 
• Prepare a business plan, cashflow projections, budgets, and trading forecasts 
• Evaluate if the purchase price is reasonable 
• Consider GST and income tax issues on purchase 
• Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals 
• Complete any taxation registration procedures including ABN, GST, and also employer obligations
• Set up a recording system to help manage your business and for to comply with statutory requirements 
• Train you in financial management best practice for your business.