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Old 14th June 2013, 07:23 AM   #11
BeBizsmart
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That would be putting the cart before the horse.You're planning to buy an 'established' business.What if you go ahead and get the license but change your mind halfway?Or worse still,what if you acquire the license and the would-be business sellers refuse to cash in?
In my view,as much as there are businesses that may require you to have a license before starting up,there is a whole lot more insider info involved.Having an experienced attorney through the entire process before the business changes hands will be easier for you.

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Old 25th September 2013, 08:04 PM   #12
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When it does come time to purchase your business, separate from a employment agreement with the previous owner (if you want to retain them, and how long) I would have an agreement with exits for both parties related to any licenses or qualifications.

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Old 11th February 2014, 01:09 PM   #13
Book In Essence
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Originally Posted by mktgbiz View Post
I personally don't know of a business where you have to have a license first.....and if there is, what are they gonna do? arrest you ?
Hahaa that's a classic comment. And I share the same sentiment. Although I was wondering, what are the consequences of operating a business without a DBA? As far as I know, you just can't open a bank account in the name of your business.

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