Owner of 35 year old bussiness retires.
4 Co-Workers "aquaintises only" buy the company going with S Corporation statis.
What would the statistics be of this partnership would succeed?
IF THEY ARE BUYING IT USING IT'S "GOODNAME","CUSTOMER SATISFACTION" ,"SUPPLIER AMICABILITY AND GOODWILL" AND "REPEAT BUSINESS" STATS","COMMUNITY GOODWILL" AS MEASURES OF POTENTIAL ASSESTS AND IT'S STANDING INVENTORY AS COLLATERAL TO PURCHASE THE COMPANY...I SEE NO PROBLEMS IF ALL FACTORS LIKE THIS ARE IN PLACE!!BUT I WOULD NEED TO KNOW MORE SPECIFICS AND ADVERTISING EFFECTIVENESS,COMPANY ARTWORK AND LOGOTYPE,COMPETITIVE ADVANTAGES WITH SIMILAR LOCAL BUSINESSES AND CURSORY BACKGROUNDS AND STRONGPOINTS OF THE PRINCIPLES ENVOLVED IN THE PARTNERSHIP,AND THE POSSIBILITY OF GOING PUBLIC!!
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