Buy & Sell Business
Look before you leap, when selling down part of your business or buying into an existing one. You don’t want any surprises down the track. Do you both share the same expectations?
We advise on small to medium businesses and settle most business sales and purchases within two months of initial instructions.
Yes, most business agreement are standardised. But a business is really a collection of distinct human resources, assets and liabilities. So, it’s the components that vary, each having their own unique characteristics for identification, value, tax, ownership and transfer. That is the true value in documenting a business buy/sell agreement.
Most small to medium business sales are completed within 2 to 3 months.
What do I need to look out for in a business buy / sell agreement?
– identify what assets are being sold;
– who owns the assets and where they are;
– restrictions on your ability to buy/sell;
– funding and buy out issues;
– employment and human resources needs and protection; and
– timing and guarantees.