Posts Tagged ‘Sell Business’

Is it common for people to sell their business ideas?

Wednesday, January 6th, 2010
Someday Soon asked:


I have been working on/dreaming/planning a business idea for over a year now. Reality has set in and I know because of my credit that I’ll never be able to get the money to start it. I don’t have the time nor the patience to wait until I can clean up my credit. I need money to give my kids a better life now – like yesterday. I hate to see my work and creativity go to waste. So do people ever buy business ideas and/or all the work that has been put in to it? If so, where would I find a means of advertising it for free? Thank you.

How to legally sell a small business to family member?

Tuesday, January 5th, 2010
Fahad S asked:


We have a small retail business that my father runs. The business is currently under my name but now I’m buying a house and because of the mortgage, I would now like to transfer it to my father’s name.

So question is how can I legally transfer the business to his name? I don’t want to go through a broker and take it through escrow, etc. Please help…

About the business: its a clothing store, location is in a mall, rented. All store information is under my name.

Thanks in advance.