is a lawyer really neccesary for starting a buisness?

[ebonyeyez]

i have a friend who is very interested in buying an existing buisness, she strongly insists on not making any move without without the consulting of a lawyer...is she being too cautious or is this necessary?

[bubble]

If you are buying an existing business then a lawyer would probably be a very good idea. However, if you have a good accountant, then he/she should be able to guide you through the process and tell you what you need to know and do.

[corporatefactors.net]

You will without any doubt need a lawyer to buy a business.

Like a house the deal has to be closed properly.

There are also hundreds of ways a business can be purchased, an asset purchase, share purchase, good will purchase, etc.. On a simple purchase of business there are well over ten standard documents alone that have to be completed.

[tropigal08]

I fall on the side of using a lawyer. People have gotten way to fast to sue to not insure that all the proper steps are taken. And even if you hire a lawyer something may still go wrong!

[elvenrunelord]

If there is any doubt in your mind you should always have a lawyer and an accountant help you in looking over a perspective business purchase. In this case you always want to look the gift horse in the mouth

[jsfarris]

The answer is really yes and no depending on the situation. If you are buying a business you know from people you know then I'd say not really but if it is a business from someone you do not know I would say yes. It really is to protect yourself and make sure all the i's are dotted.