Chapter 9

Moving into Your Business

IN THIS CHAPTER

Bullet Notifying creditors of the transfer of ownership

Bullet Putting together a business plan, mission statement, and financial framework

Bullet Choosing the business entity

Bullet Getting to know your customers and winning over employees

Bullet Implementing small changes and asking the prior owner and a tax advisor for advice

If you’ve made it through the searching, researching, negotiating, and closing phases, you’re now a bona fide small-business owner. Congratulations and welcome to your new business! You’ve completed a lot of challenging and important work and should feel proud of yourself.

This chapter describes the tasks to take care of as soon as possible after your deal is closed.

Getting Important Things Down on Paper

As you move into your new business, take care of the following important items right away:

  • Disclosing ownership transfer: Notify creditors of the transfer of ownership. In the counties where the company does business, publish a transfer-of-ownership ...

Get Buying a Business For Dummies now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.

Start your free trial