Buying and Selling Businesses
Overview
Businesses come in all shapes and sizes, from single-operator entities to multi-million-dollar enterprises. So, when it comes to buying or selling a business or franchise, there are numerous factors to consider, and each transaction will present its own challenges.
There are statutory disclosure obligations and extensive due diligence requirements involved in selling or purchasing a business. Additionally, it is essential to identify all relevant information and address potential risk areas. This includes understanding and reviewing business records, financial statements, lease agreements, assets, liabilities, licences, intellectual property rights and employment agreements, to name just a few. Therefore, it is essential to understand all the factors affecting the sale of the business and seek legal advice to ensure you are getting the best possible deal with no hidden risks.
I can provide you with an overview of the process and identify any issues you should be aware of before, during and after the sale is completed.
I have extensive experience assisting clients in achieving their desired result when buying and selling a business.
I can assist you with the following:
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Drafting or reviewing confidentiality agreements
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Preparing and negotiating the terms of the contract
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Identifying the best business structure to protect your assets
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Establishing trusts, partnership agreements, shareholder agreements or joint venture agreements
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Satisfying due diligence and purchaser enquiries
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Negotiating a new lease
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Assigning or varying an existing commercial or retail lease
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Transfer of licences and other property
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Finalising adjustments for employee entitlements
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Reviewing franchise agreements
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Advice on other commercial and business law matters arising out of the transaction
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Commercial conveyancing for the purchase or sale of commercial property.
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