Buying a business is an exciting opportunity, but it requires careful evaluation to avoid costly mistakes. Here’s a streamlined checklist to guide you through the process. Step 1: Pre-Offer Checklist ✅ Define your goals – Does this business align with your expertise and financial objectives?✅ Review financials – Analyze 3–5 years of profit & loss…

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Starting a Business or Turning a Hobby into Income? Know These Key Tax Rules!Launching a business or monetizing a hobby? Understanding start-up costs and IRS rules is essential for success. Here’s what you need to know:Key Expense Categories: Ordinary vs. Start-Up Costs: Regular business expenses (rent, supplies) are deductible immediately, while start-up costs (legal fees,…

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