Which of the following statements does not represent a benefit of buying an existing business? a. It involves the continuation of a current business. b. Customers are familiar with the location of the business. c. The new owner does not inhe

The statement that does not represent a benefit of buying an existing business is: **c. The new owner does not inherit past liabilities.** This statement is misleading because, in many cases, a new owner may inherit certain past liabilities when purchasing an existing business, depending on the structure of the sale and the terms negotiated. The other statements reflect clear benefits of buying an existing business. Update (2024-10-23): The statement that does not represent a benefit of buying an existing business is: **c. The new owner does not inherit past liabilities.** This statement is misleading because in many cases, when a business is purchased, the new owner may indeed inherit past liabilities unless specifically negotiated otherwise (e.g., through an asset purchase rather than a stock purchase). The other statements outline clear advantages of acquiring an existing business.