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Dec 12, · As you plan for the business you purchase, you start by making an important choice: business plans can be either for startup new businesses or for already-existing and ongoing business. When you buy a business from somebody else, either option is acceptable/5(4).
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Dec 12, · If all goes well, you and the business owner will agree on a fair price as well as other aspects of the purchase, such as which assets you will buy and the terms of payment—most often, businesses are purchased on an installment plan with a /5(2). The creation of a formal business plan is an often overlooked step in the process of buying a business. Though the company you want to buy may already be up and running, establishing a well.