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What if the owner is saying that he is taking cash out of the business that is not being reported?

Tue, 05/27/2008 - 00:16 — Administrator

The value of this income is completely worthless to you. You cannot verify this, and you may not choose to operate in an illegal fashion if you buy the business. If the owner is taking money out without reporting it, then that is the total of the benefit that the owner should derive, and that income does NOT get added to the reported profitability.


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