Are you buying or selling a business?

Just like buying or selling a house, it is important to understand the nature and terms of the transaction you are entering into when buying or selling a business and there are different ways of structuring a sale or purchase of a business. For example:

  • Buying or selling shares in the company which owns and conducts the business
  • Buying or selling the assets of a business

Key concerns when buying or selling a business:

  • Plant and equipment
  • Stock/inventory
  • Business premises (owned or leased)
  • Staff
  • Supplier contracts
  • Customer contracts
  • Goodwill
  • Intellectual property and trade secrets
  • Business records
  • Works in progress
  • Debts and liabilities
  • Shareholder agreements

If you are selling a business, we will:

  • Discuss your preferred sale method and structure
  • Preparation the contract of sale
  • Negotiating changes to the contract
  • Where applicable, liaise with your bank, accountant or landlord
  • Organise and attend settlement

If you are buying a business, in addition to the above, we will review the contract of sale for you and address your key concerns by negotiation.

Obtain financial advice: As we do not provide financial advice, when selling or buying a business, it is important that you seek financial advice from your accountant or licensed financial advisor regarding the transaction and possible tax consequences arising from it.