As with any professional venture, applicable law is one of the first things to consider when purchasing a turnkey business. A true turnkey business will have all legal affairs in order long before the transfer of any titles and most of the issues mentioned here are not applicable to most online ventures. However, in some cases, as in the case of product sales, there are many particulars to deal with, including resale rights and intellectual property rights.
Before any of these considerations, it is most important that prospective buyers know how and when to involve the federal government in business plans and in the transfer of a business.
