Full Video Transcript
Buying an existing business is easier than starting a business from scratch. There's a lot of time to put into establishing a business. Advantages to buying an existing business include easier financing, an established customer base, an established reputation and maybe even copyrights and patents. Make sure you know the terms of the business, and do all your research before buying a business. Look into permits or licenses the business may require, zoning requirements and other state or local rules.