BUYING A BUSINESS PART 2: Start-Up Costs
Paul Martin Chartered Accountant Limited
Accounting, Gst, Accountant
Previously, we discussed things you need to know when starting the process of buying a business to prepare yourself and set expectations. Today, we will discuss one of the most important parts of this process – start-up costs.
As consumers, one of the things that really matters to us when making a purchase is the cost of the product or service. We want to know the price so that we can analyse our capacity to buy and if the price is reasonable for the item being sold. We can also use this information to make comparison to other products and services. And once we make the decision to buy, we make necessary adjustments to our budget.
When clients come to us for business advice in regard to purchasing a business, we help them to break down all the costs and expenses involved in the transaction. As a trusted business advisor and Chartered Accountant in Auckland, we discuss with them the importance of various costs and the benefits of having them.
To give you a general idea of the establishments costs involved in buying an existing business, here is a list of some of the types of expenses that may be incurred.
Read more here http://www.pmartinca.com/blog/buying-a-business-part-2-start-up-costs
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