Written in clear terms by a man who has been involved in scores of sales of businesses, private offerings, and corporate reorganizations, this handy guide covers everything entrepreneurs need to know to buy or sell their business. Readers will learn how to choose the right business to buy; negotiate effectively; buy a franchise; secure financing; structure their business for maximum tax, legal, and financial benefits; and close the sale with no surprises. This Second Edition has been fully updated and revised to include information about new tax regulations, including goodwill writeoffs, and other changes. A new chapter has been added on limited liability companies..