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Buying & Selling a Business

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  4. When I buy a business, should I sign the note personally?

When I buy a business, should I sign the note personally?

You should always try not to sign personally if you don't have to. However the seller or the bank will usually request your personal guarantee on any note. The more money down and collateral at risk, the less likely, and your personal signature will be required. A good CPA can negotiate and work with your lawyer to minimize your personal exposure.

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