eg: UK or Brides UK or Classical Art or Buy Music or Spirituality
 
eg: UK or Brides UK or Classical Art or Buy Music or Spirituality
 

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by Lala C. Ballatan, Lal

Narrowing it down, only two things may happen once you are offered with a business for sale:

1. open up a wonderful opportunity for you

2. be a disaster that's just waiting to occur

Purchasing a business is understandably a difficult process since it brings about a whole lot of important, life-changing matters for the buyer. It is almost similar to getting married. It means commitment and dedication. It entails financial risks. It involves myriad of little but essential details. It means legal responsibility.

While others may consider the careful process of buying a business, "due diligence", it could well rather be "common sense" to know what you would be expecting out of the whole venture.

Here are the things you must be prepared to go to great lengths to do:

• Signing a "confidentiality agreement"- this is an assurance for the owner of business that you will be using the information about the enterprise for the sole purpose of checking it out.

• Learning matters connected with business finances – you need to learn everything you could about the business' financial condition. Look into the following documents:

- latest balance sheet

- statement of profits and losses for at least the past 5 years it was in operation

- sales, unemployment, and income tax returns of the company for the past 5 years

- duly audited company financial statement

- accounts on payables and receivables of the company

- others

Aside from these documents, make sure that you also get hold of the lists of the company's debts and significant information connected with it like creditors' security interest or lien.

In this aspect, you can have an experienced business lawyer to double check other important information that may prove to be detrimental to your interests.

• Inspecting physical assets of the company – if your purchase would include several physical assets like equipment and machinery check out the working condition of these. You may need the help of experts in the certain machineries and equipment to check out its conditions.

For physical assets that are being leased, investigate the lease terms and ensure that you are given the right to take over.

Other physical assets may involve inventory and you have to find out if it is updated and marketable. You do not have to waste good money by purchasing outdated goods.

• Reading the terms of lease – if the business you are going to buy occupies a leased space, secure a copy of the lease agreement and have it be reviewed thoroughly by your business lawyer.

Make sure that your taking over the business would not affect the lease conditions by requesting the proprietor's consent. You may also wish to negotiate for a longer-term lease with lower rent.

• Inspecting the company's legal status – if an LLC or corporation owns it, then you may have two choices in the matter:

1. Buy the assets of the business – this may be a better option as your lawyer may point out.

2. Buy the business entity that owns the company's assets – if you opt for this then you have to go through the pertinent documents that formed the business entity and other related documents like bylaws, operating agreements and resolutions.

You also need to confirm if the business has a good reputation with the state that governs it, and its owner possess legal authority to put it up for sale. Ask its owner directly if the business has pending lawsuits or other governmental proceedings or had been threatened with such.

• Getting owners' assurance or guarantee – request that the owner provide you with a personal guarantee that the details about the business you have gathered are accurate and complete. This can be included in the purchase agreement you shall both sign, under the "Representations and Warranties" heading.

• Holding back purchase price – you need not pay the complete purchase price. Arrange an installment method of payment.


In these cases, slides may be of help. ZWCAD allows you to save and view slides of the screen.

Making Slides

Slides are made with the MSLIDE command, which saves screen images as SLD, WMF, or EMF files. The command captures the current view as a slide; only visible entities are included. Slides cannot, however, be modified or plotted.

(SLD files are compatible with AutoCAD; WMF and EMF files are used by Windows and can be read by many image editing programs.)

The content of the slide varies in model and paper space. In model space, the slide captures only the visible entities in the current viewport; in paper space, the slide captures all visible entities and all viewports.

Viewing Slides

The VSLIDE command views saved slides. (You can also enter VSNAPSHOT, the older name for this command.) The command opens a file dialog box, which lets you select SLD, WMF, and EMF files for viewing.

The image of the slide replaces the current view in the drawing area. To remove the slide, enter the REDRAW, PAN, or ZOOM commands.

Presenting Slides

If you need to present a slideshow (a series of slides), you can do that directly in ZWCAD by writing and running a simple script file.

For example, you have five slide files named S1.SLD, S2.SLD, S3.SLD, S4.SLD, and S5.SLD saved in the d:Slide folder. You need to show them one by one, five seconds apart, over and over again. This can be automated by a script, which looks like this:

vslide d:SlideS1
delay 5000
vslide d:SlideS2
delay 5000
vslide d:SlideS3
delay 5000
vslide d:SlideS4
delay 5000
vslide d:SlideS5
delay 5000
rscript

The two repeating lines are the primary function of the script:

*vslide d:SlideSn -- loads the nth slide file (Sn.sld) stored in folder "Slide" on drive D. You do not need to include the ".sld" file extension.
*delay 5000 - displays the slide for 5,000 milliseconds by delaying the loading of the next slide by five seconds. Each slide remains on the screen for five seconds.

With the help of "RScript", the entire script repeats itself. Pressing ESC quits the presentation. By copying the two lines multiple times, more slides can be displayed.

Running the Script

Enter the above script in a text editor, such as Notepad. Save it as a text file with the file extension of .SCR. Now the script file is ready to run.

In ZWCAD, start the SCRIPT command, and then open the SCR file. Notice how the slides are displayed in the drawing area, in sequence, for five seconds each, automatically.

SLD slide files cannot be edited. If you need to modify the contents of the slides, make new ones to replace the originals with the same filename.

Slides are a small tool in ZWCAD. They are useful for demonstrating your drafting work - particularly when accompanied by scripts. We tend to rely on professional presentation software, so it is good to remember that slides in ZWCAD can also help us out.

About ZWCAD

As the flagship product of , ZWCAD is a powerful CAD solution, which is highly compatible with DWG format. meets the needs of broad-based target groups of 2D/3D design industry, including architecture, engineering, construction, mechanics, manufacturing and electronics. So far, it has become the leading brand in China's CAD industry and now competes successfully in over 65 countries, with more than 150,000 users throughout the world.

For more information, please visit or contact ZWCAD team at sales@zwcad.com.

(C) Copyright 2008 ZWCAD Software Co., Ltd. All rights reserved.
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About Author
Both Lala C. Ballatan & Owen Zi are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Lala C. Ballatan has sinced written about articles on various topics from Legal Matters, Mortgage and Car Accidents. . Lala C. Ballatan's top article generates over 301000 views. to your Favourites.

Owen Zi has sinced written about articles on various topics from Software, Constipation Causes and Software. Owen Zi is author of article written on ZWCAD. He is Director of Overseas Department of ZWSOFT. For more information, please visit: or contact ZWCAD team a. Owen Zi's top article generates over 720 views. to your Favourites.
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