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Buying An Ethnically-owned Business

 
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Buying An Ethnically-owned Business - 12/9/2008 1:44:48 PM   
lmlagee

 

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Joined: 3/2/2008
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I am looking at a business. It is ethnically owned, and I am not a qualifying member of any ethnic group. I have read some articles, cautioning on such purchases without completely understanding the revenue stream of the ethnically-owned business. There are so many government programs that funnel revenue to ethnically-owned business, and if I purchase I lose that status.

What are your thoughts, and how do I investigate the impact? I don't want to go through due diligence to gain knowledge and walk away. Is there a better way to find out the potential impact?


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