08/08/2025
🚨 Bought a business without this? OMG!
As a fractional general counsel, I see it all too often.
A smoke shop owner recently shared a nightmare on Reddit.
He bought a business without verifying its operational compliance!
Turns out, the shop lacked the necessary zoning and business licenses.
Costly complications followed!
Before diving into any acquisition, conducting due diligence is key.
This process verifies the seller's claims and ensures lawful operations.
For a smoke shop, check licenses and zoning laws carefully!
If issues pop up, negotiate for the seller to fix them before closing.
And remember to have a lawyer draft your sale contract with protective clauses.
If misrepresentations occur, you might have grounds for legal action!
Protect yourself, and never skip due diligence!
What questions do you have about buying a business?
Drop them in the comments! 👇