Step 5: Purchase Agreement and Closing the Deal Once the potential buyer goes through the due diligence process, a final price is negotiated. However, before you purchase the company make sure that you ask yourself thefive questions listed in the CCH Business Owner's Toolkit(19).
Before you make your final decision to purchase the business do one more walk through (20). After you are satisfied with everything, have your attorney write up a purchase agreement (21). Once this is signed the deal is closed. You are now a small business owner.
