When purchasing a business, you should carry out due diligence to ensure you are confident with its profitability and cash management. Once you have completed due diligence and are satisfied, you will need to confront the business contract of sale. Similarities do exist with a purchase of a residential property but there are also differences due to the commercial nature. For instance, you will need to consider other factors such as leasing of premises, employees and protection of commercial assets.

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