When purchasing a business, do you acquire the past business debt as well?
Bon-bon asked:
I am planning on purchasing a limousine business and I know that the business has debt. Will I be acquiring the debt as well or is this is something that the current owners will have to deal with before or after selling to me?
I am planning on purchasing a limousine business and I know that the business has debt. Will I be acquiring the debt as well or is this is something that the current owners will have to deal with before or after selling to me?
Tags: Business Debt, Business Planning, Current, Limousine Business, Purchasing A Business