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Real Estate – Buy or Lease

There are many factors every business owner needs to consider when getting ready to make the decision whether to buy or rent a business facility. Careful thought should be given to financial, tax, and business-specific elements.

Ryan Smith a CPA with Petersen CPA’s & Advisors explains that businesses need to carefully consider their cashflow situation before making a decision on leasing or owning business property. Start-up businesses need to be flexible in the first several years to the many variables that can cause the business to change course. Stable or mature businesses have a better idea of their long term needs so locking into a purchase may make more sense.

Read the full article here.

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