Hello all.

Often when looking at business for sale they will say something like "sold with Xmillion baht company with 2 work permits" etc etc.

What is the general consensus? Do most people buy the existing company or start a new one? Taking over the existing one would seem to have issues such as you take on any unknown liabilities.

Thanks.

Think your last sentence answers your question.

Be wary taking over an existing company, check all audits/taxes/paperwork up to date.

Else could turn out to be

I personally think you should never ever take over a company.

Take over the assets and pay some for the goodwill if that is needed to close the deal.

Start with a brand new administration.

I prefer the saying 'skeletons in the closet' in this Thai context.

With a can of worms you can still catch a lot of fish.