Buying/Selling businesses
The purchase or sale of a business can have long term effects on your lifestyle. Conducting this through a solicitor can avoid a lot of stress and financial or legal troubles. Webb Legal has been involved in many sales and purchases of business and is able to assist you or resolve any problems you are facing. The purchasing or sale of a business includes the following legal facets:
- Vendor disclosure: There must be no misleading or deceptive conduct or statements when selling a business.
- Structure of ownership: The structure of ownership and the cost of establishing it are important when considering purchasing a business. This includes whether the business should be purchased as a sole trader, partnership, company or trust.
- Taxation and Asset protection
- Documentation: The sale or purchase of a business should involve non-disclosure or confidentiality agreements, various conditions for contracts such as cooling off, finance, licensing and more.
- Party to the agreement: In some cases the vendor may not have the legal right to be selling the business, acting through a solicitor removes this worry.
- What is being transferred: When selling or purchasing it is important to know what is being sold. This may or may not include names, assets, premises or many other items
The purchase or sale of a commercial business is complicated and can be lengthy. To discuss your sale or purchase, or to arrange to meet with a solicitor please contact us.
The purchase or sale of a business can have long term effects on your lifestyle. Conducting this through a solicitor can avoid a lot of stress and financial or legal troubles. Webb Legal has been involved in many sales and purchases of business and is able to assist you or resolve any problems you are facing. The purchasing or sale of a business includes the following legal facets:
- Vendor disclosure: There must be no misleading or deceptive conduct or statements when selling a business.
- Structure of ownership: The structure of ownership and the cost of establishing it are important when considering purchasing a business. This includes whether the business should be purchased as a sole trader, partnership, company or trust.
- Taxation and Asset protection
- Documentation: The sale or purchase of a business should involve non-disclosure or confidentiality agreements, various conditions for contracts such as cooling off, finance, licensing and more.
- Party to the agreement: In some cases the vendor may not have the legal right to be selling the business, acting through a solicitor removes this worry.
- What is being transferred: When selling or purchasing it is important to know what is being sold. This may or may not include names, assets, premises or many other items
The purchase or sale of a commercial business is complicated and can be lengthy. To discuss your sale or purchase, or to arrange to meet with a solicitor please contact us.