For many entrepreneurs, it is interesting to buy a company instead of starting one from scratch, because the guarantee for success is bigger. An already established company is like getting onto an already moving train. After all, it has customers and staff: you get a flying start. Taking over a company that you have no previous connection to is called a Management Buy In (MBI). You will start working with the company as a new owner. Possible reasons to buy into a company can be varied: taking advantage of new opportunities the old owner did not see or want to take, maintaining the identity of the company, or doing something completely different with it.
Buying a company that you are already active in as coworker or manager is called Management Buy Out (MBO). You buy out the current owner of take over a part of the company. The latter often means you will continue with a new business name.
