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Environmental

Air, water, and land are only some of the potential areas for environmental problems resulting from business operations.  Buying property requires an environmental survey.
Two brief anecdotes:

When I was looking to buy a house I found one on a lake.  The shore needed filling in a bit due to erosion.  I almost bought the place until I remembered that wetlands are regulated by the US EPA, the state and the US Coast Guard. 

Another time, a friend of mine who sells real estate was telling me about a home she was getting ready to buy for a client.  They found an old underground oil tank on the property about 150 feet from a creek.  Good thing I said something:  it cost the seller about $43,000.00 to pull the tank and clean up the oil leak that was running into the creek.

The moral of the story -- it can be very expensive to find out too late that your business or property has an environmental problem.  And the brawls to figure out who should pay can be time consuming and expensive since the costs of fixing the environmental problem(s) are so high.
 
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