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Author: MEG Three stars, 500 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75812  
Subject: Re: Using Mom's money Date: 6/12/2003 9:01 PM
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Ask Yourself:
What is the reason present owners want to sell?

Are the present owners also the operators?

How long have the present owners owned this busines?

Why do they still owe so much on the building?

Where have the profits been going?

Will they allow your accountant to go over their "books"?

Is the business as profitable as you are led to believe?

If you go ahead with this will MOM's new assets be protected if she ever gets put into a home. (Title of deed considerations)
Will this conversion of Mom's assets affect her present income and lifestyle?

Be sure you get advice from the SBA and take advantage of all of the resources they offer if you eventually go ahead with this.


MEG
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