Frequently Asked Questions

24. The seller won't provide any financial information on the business. Is that a problem?

Yes, you need accurate financial statements/tax returns on the business in order to make a good decision as to whether or not to purchase a business. If you are seeking financing, the lender will also require this information.

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Start Your Own Business | Buying a Small Business

The Arkansas Small Business Development Center is funded in part through a cooperative agreement with the U.S. Small Business Administration through a partnership with the University of Arkansas at Little Rock College of Business and other institutions of higher education. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. It is the goal of UALR to eliminate discriminatory harassment and to promote equal opportunity regardless of race, gender, color, national origin, sexual orientation, age, religion, veteran’s status, or disability.