All businesses which progress from the stage of being a ‘one-man band’ will, at some stage, need to acquire business premises whether that be simply office space, or a ‘yard’ or workshop or factory premises.
Most small businesses choose, initially at least, to lease (as opposed to buy outright) premises. To the layman a lease can be a complex, even daunting, document to behold and will require both explanation and advice from a legal or property expert.
Some businesses may grow large enough or rich enough to contemplate the purchase of freehold premises. Here again, appropriate legal advice should be sought.