
Is there a web site with info about buying a corporation?
I have heard about corporations for sale that have good credit ratings and have $1000's of credit worthiness ready for you to use in your business. Are these scams looking for victims who have available money to purchase them? What are the pros and cons when buying existing corporations?
Public Comments
- I don't know of any web sites but I can give you some things to think about. before you buy, A corporation may have a great credit rating with 1000's of credit worthiness... But if the company is not earning enough profits to pay the creditors then all the credit in the world won't help. If the business is for sale, there is always a reason.. Not many profitable, successful, business's are sold when they are making good profits. It's when there are problems that they are sold. The company may have credit, but if the liabilities are more than the assets good credit means nothing. established credit is a bonus, but should never be a major determining factor. Stability, profitability, longevity, and a solid financial base are more important.
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