Investing in a business
Sep 14 2007
As you know the business, you will have an idea as to whether it is growing, static or declining and what could be done to maximise its potential, and whether you “feel” it is a good investment.
However, you need to get copies of accounts for at least the last three years and show these to a professional adviser such as an accountant. They will advise you on the financial stability and potential of the business. This is money well spent, to either avoid investing in a bad investment, or to give yourself peace of mind that the investment is good.