25.06.2023

BUY A READY-MADE BUSINESS IN THE US

Buying or starting a business is one of the most popular ways to immigrate to the United States. According to statistics, 20% of immigrants came to America on a business visa. So which is better to do: start your own business or buy a ready-made one?

ADVANTAGES OF BUYING A READY-MADE BUSINESS

Although buying a ready-made business will cost more than buying commercial real estate to start your own business, the first option may be more profitable as a result:

  1. READY-MADE BUSINESS REQUIRES LESS EFFORT AND TIME FOR PROMOTION
  2. THE ACQUIRED COMPANY WILL BEGIN TO BRING PROFIT TO THE ENTREPRENEUR FROM THE VERY FIRST DAYS AFTER ITS PURCHASE
  3. WITH A READY-MADE BUSINESS YOU GET A READY-MADE BUSINESS IDEA THAT WILL BRING YOU INCOME.

In addition, buying a ready-made business, you also get an already established customer base.

WHAT KIND OF BUSINESS CAN I BUY?

Offers to sell a ready-made business can be found in every state. These can be:

  1. MAGAZINES
  2. BEAUTY SALONS
  3. RESTAURANT BUSINESS: CAFES, RESTAURANTS, PIZZERIAS, ETC.
  4. FARMS
  5. HOTELS
  6. PRESTIGIOUS HOUSES FOR RENT, ETC.

The most popular states for buying a business are Philadelphia, California and New York. However, it is worth considering that the asking price for a business in these states will be significantly higher than in other states.

WHAT VISA CAN I GET WHEN BUYING A READY-MADE BUSINESS IN THE U.S.?

Through the purchase of a business in America, you may qualify for one of the following visas:

  1. E-2 - A NON-IMMIGRANT VISA THAT ALLOWS ITS HOLDER TO ENTER THE U.S. TO DEVELOP AND MANAGE THE BUSINESS IN WHICH HE OR SHE HAS INVESTED. THE VISA IS ISSUED FOR A PERIOD OF 3 MONTHS TO 5 YEARS, BUT MAY BE EXTENDED INDEFINITELY. FAMILY MEMBERS OF THE E-2 VISA HOLDER MAY ALSO ENTER AND WORK/STUDY IN THE USA.

  2. EB-5 IS AN INVESTMENT VISA THAT ALLOWS THE APPLICANT AND HIS/HER FAMILY TO APPLY FOR A GREEN CARD. ON AVERAGE, AN EB-5 VISA PETITION TAKES 2 YEARS TO PROCESS, BUT IF THE PETITION IS SUCCESSFUL, THE APPLICANT WILL IMMEDIATELY RECEIVE A TEMPORARY GREEN CARD WITH THE POSSIBILITY OF REISSUING IT AS A PERMANENT GREEN CARD (FOR 10 YEARS).

  3. L-1 VISA FOR STARTING A STARTUP OR BUYING AN EXISTING BUSINESS. AFTER ONE YEAR OF STAY IN THE U.S. UNDER THIS VISA, A PERSON CAN APPLY FOR A GREEN CARD.

WHAT DO I NEED TO BUY A BUSINESS IN THE USA?

  1. THINK ABOUT WHAT KIND OF COMPANY AND WHERE YOU WANT TO BUY IT
  2. STUDY THE MARKET: WHERE AND WHAT OFFERS ARE PRESENTED, WHAT CONDITIONS AND PRICES ARE AVAILABLE
  3. AFTER STUDYING THE OBJECTS AND CHOOSING A SUITABLE OPTION, CHECK THE “CLEANLINESS OF THE DEAL” AND THE BUSINESS ITSELF. IT IS IMPORTANT TO STUDY IN DETAIL ALL FINANCIAL AND ACCOUNTING DOCUMENTATION OF THE BUSINESS, AS WELL AS ALL DOCUMENTS ON THE PURCHASE OF THE BUSINESS
  4. IF EVERYTHING IS “CLEAN” AND YOU ARE SATISFIED WITH EVERYTHING, IT IS TIME TO MOVE ON TO SIGNING THE DOCUMENTS AND HANDING OVER THE MONEY!

Buying a business in another country is a very important and responsible step. In order to make it a success, we recommend you to use professional legal assistance at the first stage of business acquisition!

This article is intended for informational purposes only and does not constitute legal advice. It should not be relied upon as a substitute for advice from qualified legal counsel familiar with your specific circumstances. No attorney-client relationship is created by the provision of this information.