If you like the internet industry and would like to purchase one, beware there is a scam going on out there. Be sure to meet personally with the Seller, confirm the seller is the real owner of the corporation. Make sure you notarize the purchase agreement so that you can see his driver’s license to verify he is who he said he is. The scam is that the seller is re-selling the business over and over again.
Things to watch out for:
1) If any seller pushes for an early close date and rushing the process, BEWARE.
2) If they keep saying they have another buyer and that buyer can close by a certain date, but if you can close on the same date too, they would rather work with you.
3) If the price sounds too good to be true, it typically is.
4) If they cannot show financials with dates on the copies, show them in QuickBooks, or have you go to their office to verify the invoices, etc., RUN from the business.
5) NEVER get pushed into a corner so that you have to move faster than you can effectively do proper due diligence.