Buying a Business? Don’t Forget the Red Tape

• Michael
• Buyers/Become A Business Owner

You are well on your way to becoming a business owner. You have found a business that suits you, and are on the verge of taking over. Did you remember everything? Is all the paperwork that is needed complete? If you are working with a business broker, they will assist you with any and all licensing, permitting, zoning, and EPA concerns that are required. If you are completing the business transaction on your own, you will need to address these items before the close of the sale.

1. Licensing and Permits. Almost all businesses will need specific licenses and permits in order to operate legally. The number and types of licenses and permits depends on the industry and location of the business. Use a business broker or your local government agency to determine what federal, state, and local licenses and permits your business will need.
2. Zoning. Depending on what type of business you are planning to operate, you may encounter zoning requirements that pertain to your location. To be sure that you are abiding by the zoning laws for your business location, you will need to visit your local zoning office.
3. The EPA. Does your business have property that you will be acquiring? If so, you will need to check the area’s environmental regulations. This can be done by contacting the EPA for information.

Michael Monnot

941.518.7138
Mike@InfinityBusinessBrokers.com

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