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If you have the right attorney and account. Do your due diligence. You should know what your buying.

With a small ma and pa business there is probably more likelihood of a potential problem.

With a multi million dollar business. It’s one of the responsibilities of your advisers to make sure the numbers are correct. “Cooked Books”.

You must know what you are buying. “Buyer Beware”.

Everyone selling a business is not misrepresenting what they are selling. Like anything else, antique cars as an example, the buyer has to do there homework.

Good people sell good businesses. Age, health, no one to take it over. There are many sound reasons businesses are sold.

I would think there are as many problems with buyers. Bankers that I know make sure to check both the buyer and seller. Can the buyer run the business, and are they getting what their paying for.

In my view. If your paying for a accountant and attorney. I hope both are understanding of businesses. Not divorces, and simple tax returns.