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How to buy a corporation

26 views· 5:03· Dec 15, 2024

How do you buy an incorporated business? If you want to buy a business that is set up as a corporation, how do you do that? Buying a corporation is considered a share sale where you buy the shares in the company which gives you ownership of the assets, goodwill, and the ability to generate income from the business. To buy, you find a seller of a business you want to acquire and then make sure all the accounts are properly transferred. Everything from the business name, to the bank account, GST account, municipal business license, and more should be transferred or re-created. Magnaltus Instagram: https://www.instagram.com/magnaltus/ #business #businessmanagement #businessstartup

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