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Attorney & accountant

how much should I expect to pay an attorney and accountant to reveiw a business that I am interested in buying?

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Answers (2)
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Soclof Business Brokers
Bergen County, NJ

Great question, A attorney should not be brought in until their is a contract for him to be a partof from a legal perspective. Your accountant should be the one looking at the numbers and making sure they make sense. Make sure the accountant you are going to use to research and verify numbers has done this before with a similar type of business. You may have a family friend that is a accountant and he may be great at doing tax returns and filing documents, and he may tell you that he knows what he is doing. Be cautious with this, make sure the accountant has experince in this field> If he does not you will find one. Pricing in this day and age, negotiate and try to stay away from retainers. I do not like them especially large sums, you will never see the money back if the the amount is not used ie if the deal fall apart.

Jun 22, 2009
Michelle Orr
Wells Fargo SBA Lending
Business Development Officer
Fairfield County, CT

Rod-
I am a commercial loan consultant, and former lender with over 10 years of experience in SBA and Conventional commercial lending. I do not charge my clients an up front fee to review the seller's tax returns for a business they are interested in purchasing. Most times, I don't charge my clients any fees if the lender we use is paying me a referral fee.
I'd be happy to assist you. I can be reached at 203-345-6118 or by email to morr@orrcommercialcapital.com.

Jun 22, 2009

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