In this episode, Tom Dunlap offers valuable insights for aspiring business owners looking to make a strategic move. Delving into the pivotal decision of whether to opt for an equity or asset purchase, Tom breaks down the advantages and potential pitfalls of each option. Discover why, more often than not, an asset purchase might be the wiser choice, providing a clean slate and protecting you from inheriting the seller's historical liabilities. Gain a comprehensive understanding of the factors to consider and the questions to ask your lawyer before taking the plunge into business acquisition. Don't miss this essential advice for a seamless transition into entrepreneurship.