Eight-five percent of people looking to buy a small business did not have an accountant, while 81% have no legal representative, according to www.BusinessesForSale.com, which surveyed nearly 200 prospective buyers.
Its research also revealed that three-quarters of potential small business owners had not arranged the finance necessary to set up shop, while four in five did not have a business plan.
Leigh Nissim, CEO of BusinessesForSale.com, said the results demonstrated a ‘startling lack of communication between individuals looking to purchase a business, and the services they need to complete the transaction’.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements