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There is a business that I'd like to purchase. the owner has reported a loss for the last 2 years - last year

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Answers (2)
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The BAF Group LLC

Is the loss a real loss, or a "paper loss" for tax purposes. You need to review the Financial Statements with an Accountant to determine the real price, before you think about making an offer.

May 27, 2013
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LZG Metronational
New York County, NY

Buy only the assets (lease, equipment, furniture, etc)....from the owner (or elsewhere). You can also offer to run the operation or even get a BIG discount on the purchase. If you choose to do the latter, hire a CPA and get a good evaluation on the business' break-up value (minus owner's equity).

May 26, 2013